Gladstone Commercial Co. (NASDAQ:GOODO) Stock Short Interest Report for September

Gladstone Commercial Co. (NASDAQ:GOODO) was the target of a large 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 volume of 7,184 shares, the days-to-cover ratio is currently 0.2 days.

Gladstone Commercial Price Performance

Shares of GOODO stock traded up $0.17 during trading hours on Monday, reaching $18.22. The company had a trading volume of 1,259 shares, compared to its average volume of 7,081. The stock has a fifty day moving average of $20.17 and a 200-day moving average of $20.11. Gladstone Commercial has a 12-month low of $17.51 and a 12-month high of $22.20.

Gladstone Commercial Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were issued a $0.1250 dividend. This represents a $1.50 annualized dividend and a yield of 8.2%. The ex-dividend date was Monday, September 21st.

Gladstone Commercial Company Profile

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.