It may have been over greased or just have gunk in it. Completely unscrew both ends, one is left handed, and clean with a wire brush. I'd remove the grease fitting so the excess can be forced out. Wipe a little grease on the threads and reassemble. There may be a stop to remove that prevents the ends from coming apart.
If it's still hard to adjust, it's probably worn out and needs to be replaced.