Gladstone Land Co. (NASDAQ:LANDO) Sees Large Increase in Short Interest

Gladstone Land Co. (NASDAQ:LANDO) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 16,533 shares, an increase of 396.3% from the July 15th total of 3,331 shares. Based on an average daily volume of 20,338 shares, the days-to-cover ratio is currently 0.8 days.

Gladstone Land Stock Performance

Shares of Gladstone Land stock traded up $0.20 during midday trading on Friday, hitting $21.57. The company’s stock had a trading volume of 6,652 shares, compared to its average volume of 15,160. Gladstone Land has a 1-year low of $18.50 and a 1-year high of $22.08. The stock has a 50-day simple moving average of $21.01 and a 200-day simple moving average of $20.60.

Gladstone Land Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a $0.125 dividend. The ex-dividend date is Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%.

Gladstone Land Company Profile

Gladstone Land (NASDAQ:LAND) is a real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland across the United States. The company purchases agricultural properties and leases them to farmers under long-term, triple-net lease agreements. By focusing exclusively on high-quality farmland, Gladstone Land aims to provide investors with steady income and potential for long-term capital appreciation, while supporting the operational needs of farming businesses.

The company’s portfolio includes a diversified mix of row crop and permanent crop farmland, spanning key agricultural regions in states such as California, Washington, Florida, Pennsylvania and North Carolina.