Gladstone Land Co. (NASDAQ:LANDO) Stock Short Interest Climbs 440.8%

Gladstone Land Co. (NASDAQ:LANDO) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 1,882 shares, a growth of 440.8% from the October 15th total of 348 shares. Based on an average daily volume of 12,975 shares, the short-interest ratio is currently 0.1 days.

Gladstone Land Stock Performance

Shares of NASDAQ:LANDO traded up $0.11 on Thursday, reaching $19.15. 10,632 shares of the company were exchanged, compared to its average volume of 15,021. Gladstone Land has a 1-year low of $18.35 and a 1-year high of $22.08. The company has a 50-day moving average of $19.72 and a 200-day moving average of $20.43.

Gladstone Land Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, December 21st will be given a dividend of $0.1250 per share. The ex-dividend date of this dividend is Monday, December 21st. This represents a $1.50 annualized dividend and a yield of 7.8%.

Gladstone Land Company Profile

Gladstone Land Corporation is a real estate investment trust focused on owning farmland and farm-related properties in the United States. Its portfolio includes farms used to grow fresh produce and permanent crops, such as fruits and nuts. The company leases its properties to independent farmers, generally through long-term agreements that assign many property operating costs to the tenants. This model gives farmers access to agricultural land while allowing Gladstone Land to earn rental income from its real estate.