Gladstone Land Co. (NASDAQ:LANDO) Shares Shorted: Short Interest Down 92.7% in October

Gladstone Land Co. (NASDAQ:LANDO) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 348 shares, a decline of 92.7% from the September 30th total of 4,754 shares. Based on an average daily volume of 13,421 shares, the short-interest ratio is presently 0.0 days.

Gladstone Land Price Performance

Gladstone Land stock traded up $0.11 during trading hours on Wednesday, reaching $19.55. The stock had a trading volume of 6,900 shares, compared to its average volume of 14,829. Gladstone Land has a 52 week low of $18.50 and a 52 week high of $22.08. The company has a fifty day simple moving average of $20.22 and a 200-day simple moving average of $20.47.

Gladstone Land Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be given a dividend of $0.1250 per share. This represents a $1.50 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Monday, December 21st.

About Gladstone Land

Gladstone Land Corporation is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and managing farmland in the United States. The company primarily invests in high-quality agricultural properties that generate rental income through long-term, typically triple-net lease agreements with farming operators.

Its portfolio includes farms used to grow a range of specialty crops, such as fruits, vegetables and nuts, as well as annual row crops and other agricultural products.