Short Interest in Gladstone Land Co. (NASDAQ:LANDP) Rises By 3,674.4%

Gladstone Land Co. (NASDAQ:LANDP) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 10,606 shares, an increase of 3,674.4% from the December 31st total of 281 shares. Based on an average daily volume of 37,080 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 37,080 shares, the days-to-cover ratio is currently 0.3 days.

Gladstone Land Stock Down 0.3%

LANDP traded down $0.06 on Tuesday, hitting $19.48. The company had a trading volume of 14,268 shares, compared to its average volume of 32,375. Gladstone Land has a 1 year low of $18.21 and a 1 year high of $22.05. The company’s fifty day moving average price is $19.05 and its 200 day moving average price is $19.39.

Gladstone Land Announces Dividend

The company also recently disclosed 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) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, March 23rd.

About Gladstone Land

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.