Gladstone Commercial Co. (NASDAQ:GOODN) Short Interest Down 14.5% in March

Gladstone Commercial Co. (NASDAQ:GOODN) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 590 shares, a decrease of 14.5% from the February 26th total of 690 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is presently 0.4 days.

Gladstone Commercial Stock Performance

Gladstone Commercial stock traded up $0.27 during trading on Wednesday, reaching $22.29. 1,400 shares of the company were exchanged, compared to its average volume of 3,513. The stock’s 50 day simple moving average is $22.76 and its two-hundred day simple moving average is $22.60. Gladstone Commercial has a 52-week low of $20.51 and a 52-week high of $24.35.

Gladstone Commercial Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were issued a dividend of $0.138 per share. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Monday, March 23rd.

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.