Short Interest in Gladstone Land Co. (NASDAQ:LANDM) Grows By 250.0%

Gladstone Land Co. (NASDAQ:LANDMGet Free Report) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 2,100 shares, a growth of 250.0% from the January 15th total of 600 shares. Based on an average trading volume of 7,100 shares, the days-to-cover ratio is currently 0.3 days.

Gladstone Land Stock Performance

LANDM opened at $23.99 on Tuesday. Gladstone Land has a 1 year low of $22.57 and a 1 year high of $24.50. The stock’s 50 day simple moving average is $23.75 and its 200-day simple moving average is $23.74.

Gladstone Land Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 23rd were issued a dividend of $0.1042 per share. This represents a dividend yield of 5.25%. The ex-dividend date was Monday, January 22nd.

Gladstone Land Company Profile

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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.

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