Short Interest in Gladstone Land Co. (NASDAQ:LANDO) Declines By 64.7%

Gladstone Land Co. (NASDAQ:LANDO) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 1,800 shares, a drop of 64.7% from the January 31st total of 5,100 shares. Based on an average daily trading volume, of 16,000 shares, the days-to-cover ratio is presently 0.1 days.

Gladstone Land Stock Performance

Gladstone Land stock traded up $0.01 during trading on Friday, reaching $20.59. 10,903 shares of the company were exchanged, compared to its average volume of 16,167. Gladstone Land has a 52-week low of $18.81 and a 52-week high of $22.90. The stock’s 50 day simple moving average is $20.52 and its two-hundred day simple moving average is $21.47.

Gladstone Land Dividend Announcement

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

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.