Gladstone Commercial Co. (NASDAQ:GOODO) Short Interest Down 82.5% in July

Gladstone Commercial Co. (NASDAQ:GOODO) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 188 shares, a decline of 82.5% from the June 30th total of 1,075 shares. Based on an average daily volume of 4,151 shares, the days-to-cover ratio is presently 0.0 days.

Gladstone Commercial Stock Performance

Gladstone Commercial stock traded down $0.20 during trading hours on Friday, reaching $20.38. 3,355 shares of the company’s stock traded hands, compared to its average volume of 6,739. Gladstone Commercial has a fifty-two week low of $19.42 and a fifty-two week high of $22.20. The firm’s 50 day moving average is $20.15 and its 200-day moving average is $20.18.

Gladstone Commercial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Monday, September 21st.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of commercial properties across the United States. The company focuses primarily on single-tenant, net-leased office and industrial facilities, seeking long-term contractual cash flows from creditworthy tenants. Its investment strategy emphasizes free-standing assets located in markets with stable economic fundamentals and limited new supply.

Since its formation in 2003, Gladstone Commercial has pursued a disciplined growth approach, funding new acquisitions through a combination of equity raises, debt financing and proceeds from property dispositions.