Gladstone Commercial Co. (NASDAQ:GOODO) Sees Significant Decline in Short Interest

Gladstone Commercial Co. (NASDAQ:GOODO) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 1,146 shares, a decline of 65.3% from the September 15th total of 3,307 shares. Based on an average daily trading volume, of 7,184 shares, the short-interest ratio is currently 0.2 days.

Gladstone Commercial Stock Performance

Shares of NASDAQ GOODO traded up $0.17 during midday trading on Monday, hitting $18.22. The stock had a trading volume of 1,259 shares, compared to its average volume of 7,081. The stock has a 50 day simple moving average of $20.17 and a 200-day simple moving average of $20.11. Gladstone Commercial has a 1 year low of $17.51 and a 1 year high of $22.20.

Gladstone Commercial Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were paid a dividend of $0.1250 per share. This represents a $1.50 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend was Monday, September 21st.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust (REIT) that owns, acquires and manages income-producing commercial properties in the United States. The company primarily focuses on net-leased assets, under which tenants generally assume responsibility for property taxes, insurance and maintenance expenses.

Its portfolio has historically included office and industrial properties, including single-tenant and smaller multi-tenant facilities. Gladstone Commercial seeks to generate recurring rental income through long-term leases with businesses across a range of industries and geographic markets.

Gladstone Commercial was established in 2003 and is externally advised by Gladstone Management Corporation, an affiliate of the broader Gladstone group of investment companies.