Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Sees Significant Increase in Short Interest

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 860 shares, a growth of 116.6% from the December 15th total of 397 shares. Based on an average daily volume of 2,257 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 2,257 shares, the days-to-cover ratio is currently 0.4 days.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Performance

NASDAQ:GAINN traded down $0.18 during mid-day trading on Thursday, reaching $25.03. The stock had a trading volume of 4,481 shares, compared to its average volume of 4,797. The firm has a 50 day moving average price of $25.10 and a two-hundred day moving average price of $25.06. Gladstone Investment Co. 5.00% Notes Due 2026 has a one year low of $24.50 and a one year high of $25.46.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, November 1st. Stockholders of record on Wednesday, October 15th were issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Wednesday, October 15th.

About Gladstone Investment Co. 5.00% Notes Due 2026

Issued by Gladstone Investment Corporation, the Gladstone Investment Co 5.00% Notes due 2026 (NASDAQ: GAINN) are senior unsecured debt securities maturing on March 1, 2026. These notes carry a fixed interest rate of 5.00% per annum, with interest payable quarterly. They rank equally with all existing and future senior unsecured indebtedness of the company and are governed by a standard indenture.

Gladstone Investment Corporation is a closed-end business development company (BDC) that provides debt and equity financing to lower middle-market businesses across the United States.