Short Interest in Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Grows By 110.9%

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 6,007 shares, a growth of 110.9% from the February 12th total of 2,848 shares. Based on an average daily trading volume, of 5,607 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 5,607 shares, the short-interest ratio is presently 1.1 days.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Performance

Shares of Gladstone Investment Co. 4.875% Notes due 2028 stock opened at $24.10 on Friday. Gladstone Investment Co. 4.875% Notes due 2028 has a 52 week low of $22.21 and a 52 week high of $24.30. The stock’s 50-day simple moving average is $24.04 and its 200-day simple moving average is $23.92.

About Gladstone Investment Co. 4.875% Notes due 2028

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.