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

Gladstone Commercial Co. (NASDAQ:GOODO) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,075 shares, a growth of 684.7% from the June 15th total of 137 shares. Based on an average daily trading volume, of 4,176 shares, the days-to-cover ratio is presently 0.3 days.

Gladstone Commercial Trading Down 0.1%

Shares of NASDAQ GOODO traded down $0.02 during midday trading on Friday, reaching $20.02. The company had a trading volume of 915 shares, compared to its average volume of 6,845. Gladstone Commercial has a one year low of $19.42 and a one year high of $22.20. The firm’s fifty day moving average price is $20.13 and its 200-day moving average price is $20.20.

Gladstone Commercial Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.125 dividend. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Gladstone Commercial Company Profile

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.