Short Interest in Gladstone Commercial Co. (NASDAQ:GOODN) Drops By 7.7%

Gladstone Commercial Co. (NASDAQ:GOODN) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 4,800 shares, a drop of 7.7% from the January 15th total of 5,200 shares. Based on an average trading volume of 6,800 shares, the short-interest ratio is presently 0.7 days.

Gladstone Commercial Price Performance

Shares of NASDAQ:GOODN traded down $0.04 during trading hours on Tuesday, hitting $23.00. The stock had a trading volume of 1,949 shares, compared to its average volume of 5,008. The stock’s fifty day simple moving average is $22.75 and its 200 day simple moving average is $23.22. Gladstone Commercial has a 1-year low of $21.03 and a 1-year high of $24.91.

Gladstone Commercial Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were given a $0.138 dividend. This represents a yield of 7.26%. The ex-dividend date was Friday, January 24th.

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.