Short Interest in Gladstone Commercial Co. (NASDAQ:GOODN) Drops By 89.5%

Gladstone Commercial Co. (NASDAQ:GOODN) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 200 shares, a decline of 89.5% from the March 15th total of 1,900 shares. Based on an average daily trading volume, of 4,100 shares, the days-to-cover ratio is presently 0.0 days.

Gladstone Commercial Price Performance

Shares of GOODN stock traded down $0.29 during trading hours on Monday, reaching $21.11. 8,383 shares of the company were exchanged, compared to its average volume of 5,383. Gladstone Commercial has a fifty-two week low of $20.81 and a fifty-two week high of $24.91. The stock’s fifty day moving average is $22.58 and its two-hundred day moving average is $23.09.

Gladstone Commercial Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 21st will be issued a $0.138 dividend. This is a boost from Gladstone Commercial’s previous monthly dividend of $0.14. The ex-dividend date is Monday, April 21st. This represents a $1.66 annualized dividend and a yield of 7.85%.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.