Gladstone Commercial Co. (NASDAQ:GOODN) Sees Significant Decline in Short Interest

Gladstone Commercial Co. (NASDAQ:GOODN) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,518 shares, a drop of 53.5% from the May 14th total of 3,262 shares. Based on an average trading volume of 3,372 shares, the days-to-cover ratio is presently 0.5 days.

Gladstone Commercial Price Performance

Gladstone Commercial stock traded down $0.24 during trading on Friday, reaching $22.54. The company had a trading volume of 4,718 shares, compared to its average volume of 3,411. The firm’s 50-day simple moving average is $22.37 and its 200 day simple moving average is $22.63. Gladstone Commercial has a 1-year low of $20.91 and a 1-year high of $23.98.

Gladstone Commercial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a $0.138 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 7.3%.

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.