Gladstone Commercial Co. (NASDAQ:GOODO) Sees Large Growth in Short Interest

Gladstone Commercial Co. (NASDAQ:GOODO) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,776 shares, an increase of 142.2% from the September 30th total of 1,146 shares. Based on an average daily volume of 12,212 shares, the short-interest ratio is currently 0.2 days.

Gladstone Commercial Price Performance

Gladstone Commercial stock traded up $0.08 during midday trading on Friday, hitting $17.98. The company’s stock had a trading volume of 8,050 shares, compared to its average volume of 7,105. The stock’s 50-day moving average price is $19.39 and its 200-day moving average price is $20.01. Gladstone Commercial has a 12 month low of $17.49 and a 12 month high of $22.20.

Gladstone Commercial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, December 21st will be given a $0.1250 dividend. The ex-dividend date is Monday, December 21st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.3%.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust (REIT) that acquires, owns and manages income-producing commercial properties. The company primarily focuses on office and industrial assets that are leased to businesses under long-term agreements, generating rental income for its investment portfolio.

Gladstone Commercial’s properties are located across the United States and serve a variety of tenants and industries. Its portfolio has historically included single-tenant and select multi-tenant properties, with an emphasis on assets that can provide stable occupancy and recurring cash flow.