Gladstone Commercial Co. (NASDAQ:GOODN) Sees Significant Decline in Short Interest

Gladstone Commercial Co. (NASDAQ:GOODN) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,518 shares, a drop of 53.5% from the May 14th total of 3,262 shares. Based on an average daily volume of 3,372 shares, the days-to-cover ratio is currently 0.5 days.

Gladstone Commercial Price Performance

Shares of NASDAQ GOODN traded down $0.24 during midday trading on Friday, reaching $22.54. 4,718 shares of the stock were exchanged, compared to its average volume of 3,411. Gladstone Commercial has a twelve month low of $20.91 and a twelve month high of $23.98. The firm has a 50-day simple moving average of $22.37 and a two-hundred day simple moving average of $22.63.

Gladstone Commercial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.138 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

About Gladstone Commercial

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.