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

Gladstone Commercial Co. (NASDAQ:GOODN – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 264 shares, a decline of 57.8% from the August 31st total of 625 shares. Based on an average trading volume of 3,806 shares, the short-interest ratio is presently 0.1 days.

Gladstone Commercial Stock Performance

Shares of GOODN traded down $0.46 on Monday, reaching $21.43. The stock had a trading volume of 5,038 shares, compared to its average volume of 3,112. Gladstone Commercial has a twelve month low of $20.91 and a twelve month high of $23.91. The firm has a 50-day moving average of $23.03 and a 200 day moving average of $22.64.

Gladstone Commercial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.1380 per share. The ex-dividend date is Monday, September 21st. This represents a $1.66 dividend on an annualized basis and a dividend yield of 7.7%.

Gladstone Commercial Company Profile

(Get Free Report)

Gladstone Commercial Corporation is a real estate investment trust (REIT) that acquires, owns and manages income-producing commercial properties in the United States. The company primarily focuses on net-leased industrial and office properties, generally leased to established businesses under long-term agreements.

Gladstone Commercial’s portfolio has historically included office buildings, industrial facilities, medical office properties and other commercial real estate. Its strategy emphasizes diversified properties and tenants across multiple U.S.

Recommended Stories

Receive News & Ratings for Gladstone Commercial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial and related companies with MarketBeat.com's FREE daily email newsletter.