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

by · The Markets Daily

Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 5,600 shares, a growth of 833.3% from the December 15th total of 600 shares. Based on an average trading volume of 12,600 shares, the days-to-cover ratio is presently 0.4 days.

Gladstone Land Stock Up 0.7 %

NASDAQ LANDO traded up $0.15 during trading hours on Tuesday, hitting $20.15. The company had a trading volume of 10,229 shares, compared to its average volume of 7,916. The firm has a 50 day simple moving average of $21.45 and a 200 day simple moving average of $21.71. Gladstone Land has a 52 week low of $18.81 and a 52 week high of $22.90.

Gladstone Land Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 23rd were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a yield of 6.9%.

Gladstone Land Company Profile

(Get Free Report)

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.

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