Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Stock Short Interest Jumps 91.4%

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 4,610 shares, a growth of 91.4% from the September 30th total of 2,408 shares. Based on an average daily volume of 1,572 shares, the short-interest ratio is currently 2.9 days.

Gladstone Investment Co. 4.875% Notes due 2028 Price Performance

Shares of GAINZ opened at $24.05 on Friday. The stock has a 50 day moving average price of $24.19 and a two-hundred day moving average price of $24.08. Gladstone Investment Co. 4.875% Notes due 2028 has a 52 week low of $23.68 and a 52 week high of $24.50.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The business also recently announced 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 5.1%.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

Gladstone Investment Corporation is a publicly traded business development company that provides financing and equity capital to established lower middle-market businesses in the United States. Its investment strategy is designed to support companies seeking funding for buyouts, recapitalizations, growth initiatives, acquisitions and other strategic transactions.

The company typically invests in privately held businesses through a combination of secured and unsecured debt, subordinated debt and equity securities.