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

Gladstone Land Co. (NASDAQ:LANDO) was the recipient of 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 Price Performance

Shares of LANDO stock traded up $0.00 during trading hours on Wednesday, reaching $18.98. 802 shares of the stock were exchanged, compared to its average volume of 15,009. Gladstone Land has a 12-month low of $18.35 and a 12-month high of $22.08. The company’s 50-day moving average price is $19.80 and its 200-day moving average price is $20.44.

Gladstone Land Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, December 21st will be paid a $0.1250 dividend. The ex-dividend date of this dividend is Monday, December 21st. This represents a $1.50 annualized dividend and a 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.