Gladstone Commercial Co. (NASDAQ:GOODN) Shares Shorted: Short Interest Up 756.2% in October

Gladstone Commercial Co. (NASDAQ:GOODN) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 2,817 shares, a growth of 756.2% from the September 30th total of 329 shares. Based on an average daily trading volume, of 4,753 shares, the short-interest ratio is presently 0.6 days.

Gladstone Commercial Stock Performance

Shares of NASDAQ:GOODN traded down $0.24 on Wednesday, hitting $19.91. The company’s stock had a trading volume of 2,291 shares, compared to its average volume of 3,398. Gladstone Commercial has a 1 year low of $19.65 and a 1 year high of $23.91. The company has a 50-day simple moving average of $21.70 and a 200 day simple moving average of $22.43.

Gladstone Commercial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Monday, December 21st will be issued a dividend of $0.1380 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, December 21st.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust (REIT) that owns, acquires and manages income-producing commercial properties in the United States. The company primarily invests in office and industrial real estate, including properties leased to a diversified group of business tenants.

Gladstone Commercial generates revenue principally through rental income under long-term leases. Its portfolio has included suburban office buildings, medical-office properties, corporate facilities, warehouses and other industrial assets.