Short Interest in Gladstone Commercial Co. (NASDAQ:GOODN) Expands By 292.3%

Gladstone Commercial Co. (NASDAQ:GOODN) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 2,036 shares, a growth of 292.3% from the July 30th total of 519 shares. Based on an average daily trading volume, of 1,784 shares, the days-to-cover ratio is presently 1.1 days.

Gladstone Commercial Stock Performance

Shares of Gladstone Commercial stock traded up $0.13 on Friday, reaching $23.20. 277 shares of the company were exchanged, compared to its average volume of 3,065. The stock’s 50 day moving average price is $22.99 and its 200-day moving average price is $22.69. Gladstone Commercial has a 1-year low of $20.91 and a 1-year high of $23.91.

Gladstone Commercial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.138 per share. This represents a c) annualized dividend and a dividend yield of 7.1%. 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.