Gladstone Land Co. (NASDAQ:LANDO) Short Interest Up 175.0% in November

Gladstone Land Co. (NASDAQ:LANDO) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 1,100 shares, a growth of 175.0% from the November 15th total of 400 shares. Based on an average daily trading volume, of 11,400 shares, the days-to-cover ratio is currently 0.1 days.

Gladstone Land Price Performance

Shares of LANDO stock traded down $0.30 on Wednesday, hitting $21.40. 9,490 shares of the company’s stock were exchanged, compared to its average volume of 11,479. The company has a 50 day moving average of $22.00 and a 200 day moving average of $21.68. Gladstone Land has a 12 month low of $18.66 and a 12 month high of $22.90.

Gladstone Land Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a dividend yield of 6.9%.

Institutional Investors Weigh In On Gladstone Land

A hedge fund recently raised its stake in Gladstone Land stock. Moloney Securities Asset Management LLC boosted its holdings in Gladstone Land Co. (NASDAQ:LANDO) by 28.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,480 shares of the company’s stock after buying an additional 2,974 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Gladstone Land were worth $284,000 at the end of the most recent reporting period.

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.