Short Interest in Gladstone Land Co. (NASDAQ:LANDO) Rises By 281.6%

Gladstone Land Co. (NASDAQ:LANDO) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 14,037 shares, an increase of 281.6% from the March 15th total of 3,678 shares. Based on an average daily volume of 13,232 shares, the days-to-cover ratio is currently 1.1 days.

Gladstone Land Price Performance

Shares of NASDAQ:LANDO traded up $0.20 during midday trading on Friday, hitting $20.59. The company had a trading volume of 15,847 shares, compared to its average volume of 15,429. Gladstone Land has a twelve month low of $18.50 and a twelve month high of $20.90. The business’s 50-day simple moving average is $20.10 and its 200-day simple moving average is $19.61.

Gladstone Land Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a c) annualized dividend and a yield of 7.3%.

About Gladstone Land

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.