Gladstone Commercial Co. (NASDAQ:GOODN) Short Interest Up 292.3% in August

Gladstone Commercial Co. (NASDAQ:GOODN) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 2,036 shares, a growth of 292.3% from the July 30th total of 519 shares. Based on an average daily trading volume, of 1,784 shares, the days-to-cover ratio is currently 1.1 days.

Gladstone Commercial Stock Performance

Shares of GOODN stock opened at $23.20 on Friday. The company’s 50-day simple moving average is $23.00 and its two-hundred day simple moving average is $22.69. Gladstone Commercial has a one year low of $20.91 and a one year high of $23.91.

Gladstone Commercial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.138 dividend. The ex-dividend date is Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

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.