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 in 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 Price Performance

Shares of Gladstone Land stock traded up $0.13 on Wednesday, reaching $20.28. The company had a trading volume of 23,136 shares, compared to its average volume of 10,671. The firm’s 50-day moving average price is $21.41 and its two-hundred day moving average price is $21.71. Gladstone Land has a 1 year low of $18.81 and a 1 year high of $22.90.

Gladstone Land Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 23rd were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, October 22nd. This represents a dividend yield of 6.9%.

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.