Gladstone Commercial Co. (NASDAQ:GOODN) Sees Large Decline in Short Interest

Gladstone Commercial Co. (NASDAQ:GOODN) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 230 shares, a decline of 79.7% from the June 15th total of 1,132 shares. Based on an average daily trading volume, of 2,374 shares, the days-to-cover ratio is currently 0.1 days.

Gladstone Commercial Stock Performance

Shares of GOODN traded up $0.15 during midday trading on Monday, hitting $22.65. The company had a trading volume of 972 shares, compared to its average volume of 3,187. The company’s 50-day simple moving average is $22.47 and its 200-day simple moving average is $22.60. Gladstone Commercial has a 1 year low of $20.91 and a 1 year high of $23.83.

Gladstone Commercial Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.138 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 7.3%.

Gladstone Commercial Company Profile

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.