Gladstone Commercial Co. (NASDAQ:GOODN) Shares Shorted: Short Interest Down 93.0% in October

Gladstone Commercial Co. (NASDAQ:GOODN) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 197 shares, a drop of 93.0% from the October 15th total of 2,817 shares. Based on an average daily trading volume, of 5,188 shares, the days-to-cover ratio is currently 0.0 days.

Gladstone Commercial Stock Performance

Shares of Gladstone Commercial stock remained flat at $19.84 on Tuesday. The stock had a trading volume of 7,934 shares, compared to its average volume of 3,549. The company has a fifty day moving average price of $21.01 and a 200 day moving average price of $22.29. Gladstone Commercial has a 52 week low of $19.07 and a 52 week high of $23.91.

Gladstone Commercial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, December 21st will be issued a $0.1380 dividend. This represents a $1.66 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Monday, December 21st.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust (REIT) that owns and leases commercial properties in the United States. Its portfolio includes primarily industrial and office buildings, often leased to individual tenants under long-term net leases. Founded in 2003, the company has focused on acquiring properties that can provide rental income across a range of U.S. markets. Its tenants span multiple industries, and its properties serve businesses seeking space for operations, manufacturing, distribution, and office use.