Short Interest in Gladstone Commercial Co. (NASDAQ:GOODN) Drops By 48.3%

Gladstone Commercial Co. (NASDAQ:GOODN) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 1,454 shares, a decrease of 48.3% from the December 15th total of 2,810 shares. Based on an average daily volume of 2,637 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 2,637 shares, the days-to-cover ratio is currently 0.6 days.

Gladstone Commercial Price Performance

GOODN stock traded up $0.19 during trading on Thursday, reaching $22.98. 4,622 shares of the stock were exchanged, compared to its average volume of 7,022. The business has a 50 day moving average price of $22.58 and a 200-day moving average price of $22.57. Gladstone Commercial has a 1 year low of $20.51 and a 1 year high of $24.35.

Gladstone Commercial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be given a dividend of $0.138 per share. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Monday, March 23rd.

About Gladstone Commercial

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.