Gladstone Land Co. (NASDAQ:LANDO) Short Interest Down 85.7% in September

Gladstone Land Co. (NASDAQ:LANDO) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 200 shares, a decline of 85.7% from the September 15th total of 1,400 shares. Based on an average daily volume of 10,100 shares, the days-to-cover ratio is currently 0.0 days.

Gladstone Land Stock Performance

NASDAQ LANDO traded down $0.19 during trading on Thursday, hitting $22.33. The stock had a trading volume of 5,743 shares, compared to its average volume of 11,222. The firm has a 50 day moving average price of $22.07 and a 200 day moving average price of $20.98. Gladstone Land has a twelve month low of $16.90 and a twelve month high of $22.90.

Institutional Trading of Gladstone Land

A hedge fund recently bought a new stake in Gladstone Land stock. Moloney Securities Asset Management LLC acquired a new stake in Gladstone Land Co. (NASDAQ:LANDO) during the first quarter, according to its most recent filing with the SEC. The firm acquired 10,506 shares of the company’s stock, valued at approximately $211,000.

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.