Short Interest in Gladstone Commercial Co. (NASDAQ:GOODN) Decreases By 79.7%

Gladstone Commercial Co. (NASDAQ:GOODN) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 230 shares, a decrease of 79.7% from the June 15th total of 1,132 shares. Based on an average daily volume of 2,374 shares, the days-to-cover ratio is currently 0.1 days.

Gladstone Commercial Price Performance

NASDAQ:GOODN traded up $0.15 during mid-day trading on Monday, reaching $22.65. The company’s stock had a trading volume of 972 shares, compared to its average volume of 3,187. Gladstone Commercial has a 12-month low of $20.91 and a 12-month high of $23.83. The firm’s fifty day moving average price is $22.47 and its two-hundred day moving average price is $22.60.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.138 per share. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend was Tuesday, June 23rd.

About Gladstone Commercial

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.