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

Gladstone Commercial Co. (NASDAQ:GOODN) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 519 shares, an increase of 58.7% from the July 15th total of 327 shares. Based on an average daily trading volume, of 3,720 shares, the days-to-cover ratio is currently 0.1 days.

Gladstone Commercial Price Performance

NASDAQ:GOODN opened at $23.35 on Wednesday. Gladstone Commercial has a 12-month low of $20.91 and a 12-month high of $23.91. The stock’s 50 day simple moving average is $22.87 and its 200-day simple moving average is $22.66.

Gladstone Commercial Dividend Announcement

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 paid a $0.138 dividend. This represents a c) annualized dividend and a dividend yield of 7.1%. 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.