Gladstone Commercial Co. (NASDAQ:GOODO) Short Interest Down 82.5% in July

Gladstone Commercial Co. (NASDAQ:GOODO) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 188 shares, a drop of 82.5% from the June 30th total of 1,075 shares. Based on an average daily trading volume, of 4,151 shares, the short-interest ratio is presently 0.0 days.

Gladstone Commercial Price Performance

Shares of Gladstone Commercial stock traded down $0.20 during trading on Friday, hitting $20.38. 3,355 shares of the company were exchanged, compared to its average volume of 6,739. Gladstone Commercial has a 1-year low of $19.42 and a 1-year high of $22.20. The firm’s fifty day moving average price is $20.15 and its 200 day moving average price is $20.18.

Gladstone Commercial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) annualized dividend and a yield of 7.4%.

About Gladstone Commercial

Gladstone Commercial Corporation is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of commercial properties across the United States. The company focuses primarily on single-tenant, net-leased office and industrial facilities, seeking long-term contractual cash flows from creditworthy tenants. Its investment strategy emphasizes free-standing assets located in markets with stable economic fundamentals and limited new supply.

Since its formation in 2003, Gladstone Commercial has pursued a disciplined growth approach, funding new acquisitions through a combination of equity raises, debt financing and proceeds from property dispositions.