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

Gladstone Commercial Co. (NASDAQ:GOODN) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 3,400 shares, a growth of 21.4% from the September 15th total of 2,800 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is presently 0.6 days.

Gladstone Commercial Trading Up 0.7 %

GOODN stock opened at $23.34 on Wednesday. The company has a 50 day moving average of $23.04 and a two-hundred day moving average of $22.54. Gladstone Commercial has a 12-month low of $19.26 and a 12-month high of $24.66.

Gladstone Commercial Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a dividend of $0.138 per share. The ex-dividend date is Friday, December 20th. This represents a $1.66 dividend on an annualized basis and a yield of 7.10%.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.