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

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

Gladstone Commercial Stock Down 1.2%

Shares of Gladstone Commercial stock traded down $0.27 on Monday, hitting $22.52. The company had a trading volume of 1,068 shares, compared to its average volume of 3,390. Gladstone Commercial has a twelve month low of $20.91 and a twelve month high of $23.98. The stock has a 50-day moving average of $22.37 and a 200-day moving average of $22.64.

Gladstone Commercial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a $0.138 dividend. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Tuesday, June 23rd.

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.