Gladstone Commercial Co. (NASDAQ:GOODO) Shares Shorted: Short Interest Up 142.2% in October

Gladstone Commercial Co. (NASDAQ:GOODO) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 2,776 shares, a growth of 142.2% from the September 30th total of 1,146 shares. Based on an average daily trading volume, of 12,212 shares, the days-to-cover ratio is presently 0.2 days.

Gladstone Commercial Stock Up 0.4%

Gladstone Commercial stock traded up $0.07 during midday trading on Friday, reaching $17.98. The company’s stock had a trading volume of 8,349 shares, compared to its average volume of 7,107. The business has a 50-day simple moving average of $19.33 and a 200-day simple moving average of $19.99. Gladstone Commercial has a fifty-two week low of $17.49 and a fifty-two week high of $22.20.

Gladstone Commercial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Monday, December 21st will be given a dividend of $0.1250 per share. This represents a $1.50 annualized dividend and a dividend 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 acquires, owns and manages income-producing commercial properties. The company primarily focuses on office and industrial assets that are leased to businesses under long-term agreements, generating rental income for its investment portfolio.

Gladstone Commercial’s properties are located across the United States and serve a variety of tenants and industries. Its portfolio has historically included single-tenant and select multi-tenant properties, with an emphasis on assets that can provide stable occupancy and recurring cash flow.