Short Interest in Gladstone Commercial Co. (NASDAQ:GOODO) Drops By 86.8%

Gladstone Commercial Co. (NASDAQ:GOODO) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 661 shares, a decline of 86.8% from the December 31st total of 5,008 shares. Based on an average daily trading volume, of 8,781 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 8,781 shares, the short-interest ratio is presently 0.1 days.

Gladstone Commercial Price Performance

Shares of GOODO traded down $0.07 during midday trading on Wednesday, reaching $20.36. The stock had a trading volume of 5,751 shares, compared to its average volume of 10,553. The company’s fifty day simple moving average is $20.46 and its two-hundred day simple moving average is $20.33. Gladstone Commercial has a 1-year low of $18.30 and a 1-year high of $22.20.

Gladstone Commercial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be issued a $0.125 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of commercial properties across the United States. The company focuses primarily on single-tenant, net-leased office and industrial facilities, seeking long-term contractual cash flows from creditworthy tenants. Its investment strategy emphasizes free-standing assets located in markets with stable economic fundamentals and limited new supply.

Since its formation in 2003, Gladstone Commercial has pursued a disciplined growth approach, funding new acquisitions through a combination of equity raises, debt financing and proceeds from property dispositions.