Gladstone Land Co. (NASDAQ:LANDO) Stock Short Interest Drops 76.4%

Gladstone Land Co. (NASDAQ:LANDO) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 5,479 shares, a drop of 76.4% from the August 31st total of 23,257 shares. Based on an average daily trading volume, of 17,557 shares, the short-interest ratio is currently 0.3 days.

Gladstone Land Stock Performance

LANDO traded up $0.08 during midday trading on Friday, hitting $19.80. 13,658 shares of the company traded hands, compared to its average volume of 15,156. The business has a 50 day simple moving average of $21.02 and a two-hundred day simple moving average of $20.75. Gladstone Land has a 52-week low of $18.50 and a 52-week high of $22.08.

Gladstone Land Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.1250 dividend. This represents a $1.50 annualized dividend and a yield of 7.6%. The ex-dividend date is Monday, September 21st.

Gladstone Land Company Profile

Gladstone Land Corporation is a real estate investment trust (REIT) focused on acquiring, owning and leasing farmland in the United States. The company primarily invests in agricultural properties that produce specialty crops, such as fruits, vegetables and nuts, as well as farmland used for other crops and agricultural purposes.

Gladstone Land generally leases its properties to experienced farmers and agricultural operators under long-term, largely fixed-rent agreements. Its portfolio may also include farm-related assets such as processing, cooling, packing and storage facilities that support agricultural production.