Gladstone Commercial Co. (NASDAQ:GOODO) Short Interest Update

Gladstone Commercial Co. (NASDAQ:GOODO) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 137 shares, a decline of 76.3% from the May 31st total of 578 shares. Based on an average daily trading volume, of 3,819 shares, the short-interest ratio is presently 0.0 days.

Gladstone Commercial Stock Performance

Shares of NASDAQ GOODO traded up $0.23 during mid-day trading on Friday, hitting $20.11. 4,741 shares of the stock were exchanged, compared to its average volume of 7,153. Gladstone Commercial has a twelve month low of $19.42 and a twelve month high of $22.20. The stock’s fifty day simple moving average is $20.12 and its two-hundred day simple moving average is $20.24.

Gladstone Commercial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be issued a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Tuesday, June 23rd.

About Gladstone Commercial

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.