Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Sees Large Decline in Short Interest

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 1,621 shares, a drop of 58.9% from the January 15th total of 3,940 shares. Based on an average trading volume of 6,170 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 6,170 shares, the days-to-cover ratio is presently 0.3 days.

Gladstone Investment Co. 4.875% Notes due 2028 Trading Up 0.1%

Shares of NASDAQ GAINZ traded up $0.03 during mid-day trading on Thursday, reaching $24.08. 2,365 shares of the company were exchanged, compared to its average volume of 6,426. Gladstone Investment Co. 4.875% Notes due 2028 has a 1 year low of $22.21 and a 1 year high of $24.25. The firm has a 50-day moving average of $23.97 and a 200 day moving average of $23.84.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

Gladstone Investment Co 4.875% Notes due 2028 (NASDAQ:GAINZ) are senior unsecured debt securities issued by Gladstone Investment Corporation, a business development company that provides capital to small and mid-sized private U.S. businesses. The notes pay a fixed annual interest rate of 4.875% and mature in 2028, offering investors a defined income stream while supporting the company’s lending and equity investment activities.

Proceeds from the issuance of GAINZ notes are used to finance Gladstone Investment Corporation’s core investment strategy, which includes first-lien debt, subordinated debt and equity investments in privately held companies.