Gladstone Commercial Co. (NASDAQ:GOODO) Sees Significant Drop in Short Interest

Gladstone Commercial Co. (NASDAQ:GOODO) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 1,146 shares, a drop of 65.3% from the September 15th total of 3,307 shares. Based on an average daily trading volume, of 7,184 shares, the short-interest ratio is currently 0.2 days.

Gladstone Commercial Stock Performance

Shares of NASDAQ GOODO traded down $0.19 during midday trading on Tuesday, reaching $18.00. 8,728 shares of the company were exchanged, compared to its average volume of 7,102. The stock’s 50-day moving average price is $20.13 and its 200-day moving average price is $20.10. Gladstone Commercial has a one year low of $17.51 and a one year high of $22.20.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust (REIT) that owns, acquires and manages income-producing commercial properties in the United States. The company primarily focuses on net-leased assets, under which tenants generally assume responsibility for property taxes, insurance and maintenance expenses.

Its portfolio has historically included office and industrial properties, including single-tenant and smaller multi-tenant facilities. Gladstone Commercial seeks to generate recurring rental income through long-term leases with businesses across a range of industries and geographic markets.

Gladstone Commercial was established in 2003 and is externally advised by Gladstone Management Corporation, an affiliate of the broader Gladstone group of investment companies.