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

Gladstone Commercial Co. (NASDAQ:GOODN) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 3,262 shares, a growth of 132.8% from the April 30th total of 1,401 shares. Based on an average daily volume of 3,574 shares, the short-interest ratio is presently 0.9 days.

Gladstone Commercial Price Performance

Shares of GOODN traded down $0.05 during trading hours on Monday, reaching $22.58. 1,640 shares of the company’s stock traded hands, compared to its average volume of 3,431. Gladstone Commercial has a twelve month low of $20.91 and a twelve month high of $24.35. The business’s fifty day simple moving average is $22.32 and its two-hundred day simple moving average is $22.58.

Gladstone Commercial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.138 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Tuesday, June 23rd.

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.