Gladstone Land Co. (NASDAQ:LANDO) Shares Shorted: Short Interest Down 92.7% in October

Gladstone Land Co. (NASDAQ:LANDO) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 348 shares, a decrease of 92.7% from the September 30th total of 4,754 shares. Based on an average trading volume of 13,421 shares, the days-to-cover ratio is currently 0.0 days.

Gladstone Land Stock Performance

Shares of LANDO stock traded down $0.08 during trading on Monday, reaching $19.50. The company’s stock had a trading volume of 11,917 shares, compared to its average volume of 14,909. The business has a fifty day moving average price of $20.29 and a 200-day moving average price of $20.70. Gladstone Land has a one year low of $18.50 and a one year high of $22.08.

Gladstone Land Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Monday, December 21st will be paid a dividend of $0.1250 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Monday, December 21st.

About Gladstone Land

Gladstone Land Corporation is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and managing farmland in the United States. The company primarily invests in high-quality agricultural properties that generate rental income through long-term, typically triple-net lease agreements with farming operators.

Its portfolio includes farms used to grow a range of specialty crops, such as fruits, vegetables and nuts, as well as annual row crops and other agricultural products.