Gladstone Commercial Co. (NASDAQ:GOODO) Short Interest Down 82.5% in July

Gladstone Commercial Co. (NASDAQ:GOODO) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 188 shares, a decline of 82.5% from the June 30th total of 1,075 shares. Based on an average daily volume of 4,151 shares, the short-interest ratio is presently 0.0 days.

Gladstone Commercial Stock Performance

GOODO traded down $0.20 during midday trading on Friday, reaching $20.38. The company’s stock had a trading volume of 3,355 shares, compared to its average volume of 6,739. The company has a fifty day simple moving average of $20.15 and a 200 day simple moving average of $20.18. Gladstone Commercial has a twelve month low of $19.42 and a twelve month high of $22.20.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.125 dividend. The ex-dividend date is Monday, September 21st. This represents a c) annualized dividend and a dividend yield of 7.4%.

Gladstone Commercial Company Profile

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.