Gladstone Commercial Co. (NASDAQ:GOODO) Sees Large Growth in Short Interest

Gladstone Commercial Co. (NASDAQ:GOODO) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 5,728 shares, an increase of 766.6% from the January 15th total of 661 shares. Based on an average daily volume of 14,532 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 14,532 shares, the days-to-cover ratio is presently 0.4 days.

Gladstone Commercial Trading Down 0.1%

GOODO stock traded down $0.03 during midday trading on Wednesday, reaching $20.33. 4,749 shares of the company’s stock traded hands, compared to its average volume of 11,786. Gladstone Commercial has a fifty-two week low of $18.30 and a fifty-two week high of $22.20. The business has a 50-day moving average price of $20.60 and a two-hundred day moving average price of $20.33.

Gladstone Commercial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be given a $0.125 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) annualized dividend and a 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.