Short Interest in Gladstone Commercial Co. (NASDAQ:GOODN) Decreases By 69.3%

Gladstone Commercial Co. (NASDAQ:GOODN) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 625 shares, a decline of 69.3% from the August 15th total of 2,036 shares. Based on an average trading volume of 2,025 shares, the days-to-cover ratio is presently 0.3 days.

Gladstone Commercial Stock Down 1.4%

GOODN traded down $0.31 during trading hours on Friday, reaching $22.17. The company’s stock had a trading volume of 10,064 shares, compared to its average volume of 3,100. Gladstone Commercial has a 52 week low of $20.91 and a 52 week high of $23.91. The company’s 50-day moving average is $23.11 and its 200-day moving average is $22.69.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a $0.138 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) annualized dividend and a dividend yield of 7.5%.

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.