Gladstone Commercial Co. (NASDAQ:GOODN) Sees Significant Increase in Short Interest

Gladstone Commercial Co. (NASDAQ:GOODN) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 2,810 shares, a growth of 46,733.3% from the November 30th total of 6 shares. Based on an average daily volume of 10,035 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 10,035 shares, the days-to-cover ratio is currently 0.3 days.

Gladstone Commercial Stock Performance

GOODN traded down $0.09 during trading on Wednesday, hitting $23.00. The stock had a trading volume of 1,425 shares, compared to its average volume of 3,923. Gladstone Commercial has a one year low of $20.51 and a one year high of $24.35. The company has a 50 day moving average price of $22.45 and a 200-day moving average price of $22.61.

Gladstone Commercial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a $0.138 dividend. The ex-dividend date is Monday, December 22nd. This represents a c) annualized dividend and a yield of 7.2%.

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.