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

Gladstone Commercial Co. (NASDAQ:GOODN) was the recipient of a significant decline in short interest in 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 daily trading volume, of 2,025 shares, the days-to-cover ratio is currently 0.3 days.

Gladstone Commercial Stock Up 1.0%

Gladstone Commercial stock traded up $0.22 during mid-day trading on Monday, reaching $22.23. The company’s stock had a trading volume of 2,967 shares, compared to its average volume of 3,099. Gladstone Commercial has a 12 month low of $20.91 and a 12 month high of $23.91. The business’s 50 day simple moving average is $23.11 and its 200 day simple moving average is $22.69.

Gladstone Commercial Dividend Announcement

The company 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 dividend of $0.138 per share. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Monday, September 21st.

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.