Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Shares Shorted: Short Interest Down 84.5% in September

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 492 shares, a decline of 84.5% from the August 31st total of 3,166 shares. Based on an average daily volume of 1,568 shares, the short-interest ratio is presently 0.3 days.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Performance

GAINZ stock traded down $0.02 during trading on Friday, hitting $24.27. 1,224 shares of the stock traded hands, compared to its average volume of 9,182. Gladstone Investment Co. 4.875% Notes due 2028 has a 1 year low of $23.58 and a 1 year high of $24.50. The firm’s 50 day moving average is $24.17 and its two-hundred day moving average is $24.08.

Gladstone Investment Co. 4.875% Notes due 2028 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, November 1st. Investors of record on Thursday, October 15th will be given a dividend of $0.3047 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.22 annualized dividend and a dividend yield of 5.0%.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

Gladstone Investment Corporation is a publicly traded business development company that provides financing and makes equity investments in established lower-middle-market companies in the United States. The company focuses on businesses with stable operations and experienced management teams, seeking to support their growth, acquisitions, recapitalizations and ownership transitions.

Gladstone Investment generally invests through a combination of debt and equity securities. Its debt investments may include senior secured loans and other structured financing, while its equity investments may involve controlling interests in portfolio companies.