Short Interest in Gladstone Land Co. (NASDAQ:LANDP) Increases By 34.9%

Gladstone Land Co. (NASDAQ:LANDP) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 8,299 shares, an increase of 34.9% from the January 29th total of 6,152 shares. Based on an average daily volume of 30,425 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 30,425 shares, the days-to-cover ratio is currently 0.3 days.

Gladstone Land Stock Performance

Shares of LANDP traded up $0.06 during trading hours on Monday, reaching $19.75. The company had a trading volume of 20,646 shares, compared to its average volume of 27,641. Gladstone Land has a 12-month low of $18.21 and a 12-month high of $20.79. The firm has a 50 day simple moving average of $19.43 and a 200-day simple moving average of $19.38.

Gladstone Land Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be given a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Monday, March 23rd.

Gladstone Land Company Profile

Gladstone Land Corporation (NASDAQ: LANDP) is a real estate investment trust focused on the acquisition and long-term leasing of farmland across the United States. The company pursues an attractively diversified portfolio strategy that emphasizes the purchase of high-quality, irrigated farmland, which it then leases on a triple-net basis to experienced agricultural operators. Through its structure and leasing arrangements, Gladstone Land seeks to provide stable and predictable cash flows while offering agricultural producers access to capital for working operations and property improvements.

Since its founding in 2013, Gladstone Land has expanded its footprint to encompass a broad mix of crop types and geographic regions.