Gladstone Land Co. (NASDAQ:LANDO) Short Interest Update

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

Gladstone Land Trading Up 0.6 %

Shares of NASDAQ:LANDO traded up $0.13 during trading hours on Wednesday, hitting $20.28. The company’s stock had a trading volume of 23,136 shares, compared to its average volume of 10,671. The firm’s fifty day moving average price is $21.41 and its 200 day moving average price is $21.71. Gladstone Land has a 52 week low of $18.81 and a 52 week high of $22.90.

Gladstone Land Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 23rd were paid a $0.125 dividend. This represents a yield of 6.9%. The ex-dividend date 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.