Gladstone Commercial Co. (NASDAQ:GOODN) Shares Shorted: Short Interest Down 93.0% in October

Gladstone Commercial Co. (NASDAQ:GOODN) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 197 shares, a drop of 93.0% from the October 15th total of 2,817 shares. Based on an average daily volume of 5,188 shares, the days-to-cover ratio is currently 0.0 days.

Gladstone Commercial Stock Performance

Shares of GOODN stock remained flat at $19.84 during trading hours on Tuesday. 7,934 shares of the stock traded hands, compared to its average volume of 3,549. The firm has a 50 day moving average price of $21.01 and a 200 day moving average price of $22.29. Gladstone Commercial has a 12-month low of $19.07 and a 12-month high of $23.91.

Gladstone Commercial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, December 21st will be given a dividend of $0.1380 per share. The ex-dividend date of this dividend is Monday, December 21st. This represents a $1.66 dividend on an annualized basis and a yield of 8.3%.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust (REIT) that owns and leases commercial properties in the United States. Its portfolio includes primarily industrial and office buildings, often leased to individual tenants under long-term net leases. Founded in 2003, the company has focused on acquiring properties that can provide rental income across a range of U.S. markets. Its tenants span multiple industries, and its properties serve businesses seeking space for operations, manufacturing, distribution, and office use.