Short Interest in Gladstone Commercial Co. (NASDAQ:GOODN) Drops By 53.5%

Gladstone Commercial Co. (NASDAQ:GOODN) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,518 shares, a drop of 53.5% from the May 14th total of 3,262 shares. Based on an average daily volume of 3,372 shares, the short-interest ratio is presently 0.5 days.

Gladstone Commercial Price Performance

Shares of NASDAQ GOODN traded down $0.24 during midday trading on Friday, reaching $22.54. The company’s stock had a trading volume of 4,718 shares, compared to its average volume of 3,411. Gladstone Commercial has a fifty-two week low of $20.91 and a fifty-two week high of $23.98. The stock has a 50 day simple moving average of $22.37 and a 200-day simple moving average of $22.64.

Gladstone Commercial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a $0.138 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend 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.