Gladstone Commercial Co. (NASDAQ:GOODO) Sees Significant Drop in Short Interest

Gladstone Commercial Co. (NASDAQ:GOODO) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 661 shares, a decrease of 86.8% from the December 31st total of 5,008 shares. Based on an average daily trading volume, of 8,781 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 8,781 shares, the days-to-cover ratio is presently 0.1 days.

Gladstone Commercial Trading Down 0.3%

GOODO traded down $0.07 on Thursday, hitting $20.29. The company had a trading volume of 18,906 shares, compared to its average volume of 10,940. The business’s fifty day simple moving average is $20.48 and its 200 day simple moving average is $20.33. Gladstone Commercial has a 12-month low of $18.30 and a 12-month high of $22.20.

Gladstone Commercial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 7.4%.

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.