Gladstone Land Co. (NASDAQ:LANDO) Sees Significant Growth in Short Interest

Gladstone Land Co. (NASDAQ:LANDO) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 1,882 shares, a growth of 440.8% from the October 15th total of 348 shares. Based on an average trading volume of 12,975 shares, the days-to-cover ratio is currently 0.1 days.

Gladstone Land Stock Performance

LANDO stock traded up $0.00 during midday trading on Wednesday, reaching $18.98. The company’s stock had a trading volume of 802 shares, compared to its average volume of 15,009. Gladstone Land has a 1 year low of $18.35 and a 1 year high of $22.08. The stock has a fifty day simple moving average of $19.80 and a two-hundred day simple moving average of $20.44.

Gladstone Land Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Monday, December 21st will be issued a $0.1250 dividend. The ex-dividend date is Monday, December 21st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.9%.

Gladstone Land Company Profile

Gladstone Land Corporation is a real estate investment trust focused on owning farmland and farm-related properties in the United States. Its portfolio includes farms used to grow fresh produce and permanent crops, such as fruits and nuts. The company leases its properties to independent farmers, generally through long-term agreements that assign many property operating costs to the tenants. This model gives farmers access to agricultural land while allowing Gladstone Land to earn rental income from its real estate.