Gladstone Commercial Co. (NASDAQ:GOODN) Short Interest Down 69.3% in August

Gladstone Commercial Co. (NASDAQ:GOODN) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 625 shares, a decline of 69.3% from the August 15th total of 2,036 shares. Based on an average trading volume of 2,025 shares, the short-interest ratio is currently 0.3 days.

Gladstone Commercial Stock Performance

Shares of NASDAQ:GOODN traded down $0.31 during trading on Friday, reaching $22.17. 10,064 shares of the company traded hands, compared to its average volume of 3,100. The business’s fifty day moving average is $23.11 and its 200-day moving average is $22.69. Gladstone Commercial has a 52-week low of $20.91 and a 52-week high of $23.91.

Gladstone Commercial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.138 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Monday, September 21st.

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.