Gladstone Commercial Co. (NASDAQ:GOODN) Sees Significant Decrease in Short Interest

Gladstone Commercial Co. (NASDAQ:GOODN) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 590 shares, a decline of 14.5% from the February 26th total of 690 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is currently 0.4 days.

Gladstone Commercial Price Performance

NASDAQ GOODN opened at $22.29 on Thursday. Gladstone Commercial has a 1-year low of $20.51 and a 1-year high of $24.35. The business’s fifty day moving average price is $22.75 and its 200-day moving average price is $22.60.

Gladstone Commercial Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were issued a $0.138 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 7.4%.

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.