Gladstone Land Co. (NASDAQ:LANDO) Stock Short Interest Drops 92.7%

by · The Markets Daily

Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) was the recipient of a large decrease in short interest in 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 daily trading volume, of 13,421 shares, the days-to-cover ratio is presently 0.0 days.

Gladstone Land Price Performance

LANDO stock traded down $0.08 during midday trading on Monday, reaching $19.50. The stock had a trading volume of 11,917 shares, compared to its average volume of 14,909. Gladstone Land has a twelve month low of $18.50 and a twelve month high of $22.08. The business has a fifty day simple moving average of $20.29 and a two-hundred day simple moving average of $20.70.

Gladstone Land Announces Dividend

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

About Gladstone Land

(Get Free Report)

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.

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