Short Interest in Gladstone Commercial Co. (NASDAQ:GOODN) Increases By 35.8%

Gladstone Commercial Co. (NASDAQ:GOODN) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 690 shares, a growth of 35.8% from the February 12th total of 508 shares. Based on an average daily volume of 3,120 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 3,120 shares, the short-interest ratio is currently 0.2 days.

Gladstone Commercial Stock Performance

Shares of NASDAQ:GOODN traded down $0.08 during midday trading on Friday, reaching $22.67. The company’s stock had a trading volume of 281 shares, compared to its average volume of 3,626. The business’s fifty day simple moving average is $22.86 and its 200-day simple moving average is $22.61. Gladstone Commercial has a fifty-two week low of $20.51 and a fifty-two week high of $24.35.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be issued a dividend of $0.138 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 7.3%.

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.