Short Interest in Gladstone Commercial Co. (NASDAQ:GOODN) Increases By 58.7%

Gladstone Commercial Co. (NASDAQ:GOODN) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 519 shares, a growth of 58.7% from the July 15th total of 327 shares. Based on an average daily volume of 3,720 shares, the days-to-cover ratio is presently 0.1 days.

Gladstone Commercial Price Performance

Shares of NASDAQ:GOODN opened at $23.76 on Thursday. The firm has a fifty day simple moving average of $22.89 and a two-hundred day simple moving average of $22.67. Gladstone Commercial has a 52 week low of $20.91 and a 52 week high of $23.91.

Gladstone Commercial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.138 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation (NASDAQ: GOODN) is a real estate investment trust (REIT) that specializes in acquiring, owning and operating single-tenant industrial and office properties throughout the United States. The company focuses on net‐leased assets, where tenants assume responsibility for property taxes, insurance and maintenance, providing Gladstone Commercial with predictable, long‐term income streams. Its investment strategy targets properties occupied by creditworthy lessees under leases that typically range from five to twenty years in term.

Founded in 2003 and publicly listed in 2005, Gladstone Commercial is externally managed by Gladstone Management Corporation, an affiliate led by industry veteran David Gladstone.