Gladstone Land Co. (NASDAQ:LANDO) Shares Shorted: Short Interest Down 76.4% in September

Gladstone Land Co. (NASDAQ:LANDO) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 5,479 shares, a decline of 76.4% from the August 31st total of 23,257 shares. Based on an average daily volume of 17,557 shares, the days-to-cover ratio is presently 0.3 days.

Gladstone Land Stock Performance

LANDO traded up $0.08 during trading on Friday, reaching $19.80. The company had a trading volume of 13,658 shares, compared to its average volume of 15,156. The business’s fifty day moving average price is $21.02 and its 200 day moving average price is $20.75. Gladstone Land has a 12 month low of $18.50 and a 12 month high of $22.08.

Gladstone Land Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.1250 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Monday, September 21st.

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.