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

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

Gladstone Land Stock Performance

LANDO stock traded down $0.32 on Tuesday, reaching $20.70. The company’s stock had a trading volume of 13,515 shares, compared to its average volume of 12,471. The business has a fifty day simple moving average of $21.19 and a two-hundred day simple moving average of $21.66. Gladstone Land has a 12-month low of $18.81 and a 12-month high of $22.90.

Gladstone Land Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 27th will be given a $0.125 dividend. This represents a dividend yield of 7.39%. The ex-dividend date is Friday, January 24th.

About Gladstone Land

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.