Short Interest in Gladstone Land Co. (NASDAQ:LANDO) Increases By 833.3%

Gladstone Land Co. (NASDAQ:LANDO) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 5,600 shares, an increase of 833.3% from the December 15th total of 600 shares. Based on an average daily volume of 12,600 shares, the short-interest ratio is presently 0.4 days.

Gladstone Land Stock Down 1.8 %

NASDAQ LANDO traded down $0.36 during trading hours on Monday, reaching $19.91. The company’s stock had a trading volume of 12,715 shares, compared to its average volume of 7,126. The firm has a fifty day simple moving average of $21.48 and a 200-day simple moving average of $21.72. Gladstone Land has a 52 week low of $18.81 and a 52 week high of $22.90.

Gladstone Land Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd were issued a dividend of $0.125 per share. This represents a yield of 6.9%. The ex-dividend date of this dividend was Tuesday, October 22nd.

Gladstone Land Company Profile

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.