Short Interest in Gladstone Commercial Co. (NASDAQ:GOODO) Increases By 766.6%

Gladstone Commercial Co. (NASDAQ:GOODO) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 5,728 shares, a growth of 766.6% from the January 15th total of 661 shares. Based on an average daily volume of 14,532 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 14,532 shares, the days-to-cover ratio is currently 0.4 days.

Gladstone Commercial Stock Performance

NASDAQ GOODO traded up $0.05 during trading on Tuesday, reaching $20.38. The company’s stock had a trading volume of 8,741 shares, compared to its average volume of 12,050. The firm has a 50 day moving average price of $20.60 and a 200 day moving average price of $20.33. Gladstone Commercial has a 12 month low of $18.30 and a 12 month high of $22.20.

Gladstone Commercial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be given a dividend of $0.125 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 7.4%.

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.