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 significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 1,621 shares, a decrease of 58.9% from the January 15th total of 3,940 shares. Based on an average daily volume of 6,170 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 6,170 shares, the days-to-cover ratio is presently 0.3 days.

Gladstone Investment Co. 4.875% Notes due 2028 Price Performance

Shares of NASDAQ GAINZ traded down $0.00 during mid-day trading on Friday, reaching $24.08. 2,489 shares of the company traded hands, compared to its average volume of 6,293. Gladstone Investment Co. 4.875% Notes due 2028 has a fifty-two week low of $22.21 and a fifty-two week high of $24.25. The stock has a fifty day simple moving average of $23.98 and a 200-day simple moving average of $23.85.

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.