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Gladstone Investment Corp. (NASDAQ:GAIN) was the target of a large drop in short interest in July. As of July 15th, there was short interest totalling 240,824 shares, a drop of 86.8% from the June 30th total of 1,821,071 shares, reports. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 169,003 shares, the days-to-cover ratio is presently 1.4 days.

A number of analysts have recently weighed in on GAIN shares. Analysts at TheStreet downgraded shares of Gladstone Investment Corp. to a “hold” rating in a research note on Tuesday, June 24th. Analysts at Ladenburg Thalmann downgraded shares of Gladstone Investment Corp. from a “buy” rating to a “neutral” rating in a research note on Friday, May 23rd. They now have a $8.50 price target on the stock.

Shares of Gladstone Investment Corp. (NASDAQ:GAIN) opened at 7.46 on Wednesday. Gladstone Investment Corp. has a one year low of $6.80 and a one year high of $8.50. The stock’s 50-day moving average is $7.46 and its 200-day moving average is $7.84.

Gladstone Investment Corp. (NASDAQ:GAIN) last announced its earnings results on Monday, July 28th. The company reported $0.18 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.18. On average, analysts predict that Gladstone Investment Corp. will post $0.72 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Friday, September 19th will be given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date of this dividend is Wednesday, September 17th.

Gladstone Investment Corporation operates as a closed-end, non-diversified management investment company.

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