Short Interest in Gladstone Land Co. (NASDAQ:LANDM) Increases By 133.3%

Gladstone Land Co. (NASDAQ:LANDM) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 5,600 shares, a growth of 133.3% from the June 30th total of 2,400 shares. Based on an average trading volume of 2,400 shares, the short-interest ratio is presently 2.3 days.

Gladstone Land Price Performance

Shares of LANDM traded down $0.01 during midday trading on Friday, reaching $24.22. The stock had a trading volume of 1,846 shares, compared to its average volume of 3,007. The company’s 50-day moving average is $24.25 and its 200 day moving average is $24.10. Gladstone Land has a 12-month low of $23.32 and a 12-month high of $24.57.

Gladstone Land Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a dividend of $0.1042 per share. This represents a $1.25 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Friday, September 20th.

Gladstone Land Company Profile

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.