Gladstone Commercial Co. (NASDAQ:GOODN) Short Interest Update

Gladstone Commercial Co. (NASDAQ:GOODN) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,262 shares, an increase of 132.8% from the April 30th total of 1,401 shares. Based on an average daily volume of 3,574 shares, the days-to-cover ratio is currently 0.9 days.

Gladstone Commercial Trading Down 0.4%

Shares of GOODN stock traded down $0.10 during midday trading on Tuesday, hitting $22.53. The company had a trading volume of 1,640 shares, compared to its average volume of 3,431. The company’s 50 day simple moving average is $22.32 and its 200 day simple moving average is $22.58. Gladstone Commercial has a 52-week low of $20.91 and a 52-week high of $24.35.

Gladstone Commercial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be given a dividend of $0.138 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 7.4%.

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.