Short Interest in Gladstone Land Co. (NASDAQ:LANDO) Rises By 72.4%

Gladstone Land Co. (NASDAQ:LANDO) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 28,507 shares, a growth of 72.4% from the July 30th total of 16,533 shares. Based on an average daily volume of 10,801 shares, the days-to-cover ratio is currently 2.6 days.

Gladstone Land Stock Performance

Shares of NASDAQ:LANDO traded up $0.03 during trading on Monday, reaching $21.17. 2,595 shares of the company traded hands, compared to its average volume of 14,645. Gladstone Land has a 52-week low of $18.50 and a 52-week high of $22.08. The business’s fifty day moving average is $21.09 and its 200-day moving average is $20.70.

Gladstone Land Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) annualized dividend and a yield of 7.1%.

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.