Short Interest in Gladstone Land Co. (NASDAQ:LANDP) Drops By 82.6%

Gladstone Land Co. (NASDAQ:LANDP) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 1,651 shares, a drop of 82.6% from the February 26th total of 9,480 shares. Based on an average daily trading volume, of 18,464 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 18,464 shares, the days-to-cover ratio is presently 0.1 days.

Gladstone Land Stock Up 0.2%

NASDAQ LANDP traded up $0.03 on Wednesday, hitting $19.86. 11,013 shares of the company were exchanged, compared to its average volume of 25,267. Gladstone Land has a 1-year low of $18.21 and a 1-year high of $20.79. The firm has a 50 day moving average of $19.72 and a two-hundred day moving average of $19.44.

Gladstone Land Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid a dividend of $0.125 per share. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend is Monday, March 23rd.

Gladstone Land Company Profile

Gladstone Land Corporation (NASDAQ: LANDP) is a real estate investment trust focused on the acquisition and long-term leasing of farmland across the United States. The company pursues an attractively diversified portfolio strategy that emphasizes the purchase of high-quality, irrigated farmland, which it then leases on a triple-net basis to experienced agricultural operators. Through its structure and leasing arrangements, Gladstone Land seeks to provide stable and predictable cash flows while offering agricultural producers access to capital for working operations and property improvements.

Since its founding in 2013, Gladstone Land has expanded its footprint to encompass a broad mix of crop types and geographic regions.