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

by · The Markets Daily

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

Gladstone Commercial Trading Down 2.5%

NASDAQ:GOODN traded down $0.54 during trading hours on Tuesday, reaching $20.86. The company had a trading volume of 15,604 shares, compared to its average volume of 3,198. Gladstone Commercial has a twelve month low of $20.80 and a twelve month high of $23.91. The business’s 50-day simple moving average is $23.00 and its two-hundred day simple moving average is $22.63.

Gladstone Commercial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.1380 dividend. The ex-dividend date is Monday, September 21st. This represents a $1.66 annualized dividend and a dividend yield of 7.9%.

About Gladstone Commercial

(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.

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