Gladstone Commercial Co. (NASDAQ:GOODO) Sees Significant Decrease in Short Interest

Gladstone Commercial Co. (NASDAQ:GOODO) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 137 shares, a drop of 76.3% from the May 31st total of 578 shares. Based on an average daily trading volume, of 3,819 shares, the days-to-cover ratio is presently 0.0 days.

Gladstone Commercial Stock Performance

Gladstone Commercial stock opened at $20.11 on Friday. The company has a 50-day simple moving average of $20.12 and a 200-day simple moving average of $20.24. Gladstone Commercial has a one year low of $19.42 and a one year high of $22.20.

Gladstone Commercial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Tuesday, June 23rd.

About Gladstone Commercial

Gladstone Commercial Corporation is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of commercial properties across the United States. The company focuses primarily on single-tenant, net-leased office and industrial facilities, seeking long-term contractual cash flows from creditworthy tenants. Its investment strategy emphasizes free-standing assets located in markets with stable economic fundamentals and limited new supply.

Since its formation in 2003, Gladstone Commercial has pursued a disciplined growth approach, funding new acquisitions through a combination of equity raises, debt financing and proceeds from property dispositions.