Gladstone Land Co. (NASDAQ:LANDP) Shares Shorted: Short Interest Up 496.8% in September

Gladstone Land Co. (NASDAQ:LANDP) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 4,416 shares, an increase of 496.8% from the August 31st total of 740 shares. Based on an average daily volume of 23,465 shares, the days-to-cover ratio is currently 0.2 days.

Gladstone Land Stock Up 0.7%

LANDP opened at $19.89 on Friday. The business has a 50 day moving average price of $20.71 and a two-hundred day moving average price of $20.45. Gladstone Land has a 52 week low of $18.42 and a 52 week high of $21.50.

Gladstone Land Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.1250 per share. This represents a $1.50 annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Monday, September 21st.

About Gladstone Land

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.