Short Interest in Gladstone Commercial Co. (NASDAQ:GOODO) Increases By 164.4%

Gladstone Commercial Co. (NASDAQ:GOODO) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 497 shares, a growth of 164.4% from the July 15th total of 188 shares. Based on an average daily volume of 5,491 shares, the days-to-cover ratio is presently 0.1 days.

Gladstone Commercial Stock Performance

Shares of NASDAQ:GOODO traded up $0.10 on Friday, reaching $20.81. The company’s stock had a trading volume of 22,102 shares, compared to its average volume of 6,743. The company has a 50-day simple moving average of $20.28 and a 200 day simple moving average of $20.15. Gladstone Commercial has a 52-week low of $19.42 and a 52-week high of $22.20.

Gladstone Commercial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.

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.