Short Interest in Gladstone Land Co. (NASDAQ:LANDO) Rises By 833.3%

Gladstone Land Co. (NASDAQ:LANDO) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 5,600 shares, a growth of 833.3% from the December 31st total of 600 shares. Based on an average daily volume of 12,600 shares, the short-interest ratio is currently 0.4 days.

Gladstone Land Price Performance

Shares of LANDO stock traded down $0.32 during trading hours on Tuesday, reaching $20.70. The stock had a trading volume of 13,515 shares, compared to its average volume of 12,471. The stock’s fifty day simple moving average is $21.19 and its 200 day simple moving average is $21.66. Gladstone Land has a 12 month low of $18.81 and a 12 month high of $22.90.

Gladstone Land Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 27th will be given a $0.125 dividend. This represents a dividend yield of 7.39%. The ex-dividend date is Friday, January 24th.

About Gladstone Land

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.