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

Gladstone Commercial Co. (NASDAQ:GOODN) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 200 shares, a decrease of 89.5% from the March 15th total of 1,900 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is presently 0.0 days.

Gladstone Commercial Stock Performance

GOODN stock traded up $0.21 during midday trading on Tuesday, reaching $21.32. The stock had a trading volume of 2,606 shares, compared to its average volume of 5,373. The firm has a fifty day simple moving average of $22.55 and a two-hundred day simple moving average of $23.08. Gladstone Commercial has a 52-week low of $20.51 and a 52-week high of $24.91.

Gladstone Commercial Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 21st will be issued a dividend of $0.138 per share. This represents a $1.66 annualized dividend and a dividend yield of 7.77%. The ex-dividend date of this dividend is Monday, April 21st. This is a boost from Gladstone Commercial’s previous monthly dividend of $0.14.

Gladstone Commercial Company Profile

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.