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

Gladstone Commercial Co. (NASDAQ:GOODN) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 264 shares, a decline of 57.8% from the August 31st total of 625 shares. Based on an average trading volume of 3,806 shares, the days-to-cover ratio is currently 0.1 days.

Gladstone Commercial Trading Down 2.1%

Shares of NASDAQ:GOODN traded down $0.46 during mid-day trading on Monday, reaching $21.43. 5,038 shares of the company traded hands, compared to its average volume of 3,112. Gladstone Commercial has a 52 week low of $20.91 and a 52 week high of $23.91. The company’s 50 day moving average price is $23.03 and its 200-day moving average price is $22.64.

Gladstone Commercial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.1380 per share. This represents a $1.66 annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Monday, September 21st.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust (REIT) that acquires, owns and manages income-producing commercial properties in the United States. The company primarily focuses on net-leased industrial and office properties, generally leased to established businesses under long-term agreements.

Gladstone Commercial’s portfolio has historically included office buildings, industrial facilities, medical office properties and other commercial real estate. Its strategy emphasizes diversified properties and tenants across multiple U.S.