Gladstone Land Co. (NASDAQ:LANDO) Sees Significant Increase in Short Interest

Gladstone Land Co. (NASDAQ:LANDO) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 16,533 shares, a growth of 396.3% from the July 15th total of 3,331 shares. Based on an average trading volume of 20,338 shares, the days-to-cover ratio is currently 0.8 days.

Gladstone Land Price Performance

NASDAQ:LANDO traded up $0.13 during midday trading on Thursday, hitting $21.67. The company’s stock had a trading volume of 7,810 shares, compared to its average volume of 15,216. The firm’s 50 day moving average is $20.99 and its 200-day moving average is $20.59. Gladstone Land has a fifty-two week low of $18.50 and a fifty-two week high of $22.08.

Gladstone Land Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.125 dividend. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Monday, September 21st.

Gladstone Land Company Profile

Gladstone Land (NASDAQ:LAND) is a real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland across the United States. The company purchases agricultural properties and leases them to farmers under long-term, triple-net lease agreements. By focusing exclusively on high-quality farmland, Gladstone Land aims to provide investors with steady income and potential for long-term capital appreciation, while supporting the operational needs of farming businesses.

The company’s portfolio includes a diversified mix of row crop and permanent crop farmland, spanning key agricultural regions in states such as California, Washington, Florida, Pennsylvania and North Carolina.