NewLake Capital Partners, Inc. (OTCMKTS:NLCP) Sees Significant Decline in Short Interest

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 22,751 shares, a decline of 36.3% from the May 31st total of 35,714 shares. Based on an average trading volume of 186,999 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Compass Point restated a “neutral” rating and set a $15.00 price target on shares of NewLake Capital Partners in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $15.75.

NewLake Capital Partners Trading Down 0.1%

Shares of NLCP traded down $0.02 during mid-day trading on Thursday, reaching $15.59. 22,837 shares of the stock traded hands, compared to its average volume of 95,734. NewLake Capital Partners has a 12-month low of $12.09 and a 12-month high of $16.75. The stock has a fifty day simple moving average of $14.99 and a 200 day simple moving average of $15.06.

About NewLake Capital Partners

NewLake Capital Partners, Inc is a publicly traded real estate investment trust that focuses on the acquisition, development and operation of self-storage properties across the United States. Established in the mid-2010s, the company seeks to generate stable, long-term cash flows through a portfolio of facilities that serve both individual and commercial customers. By structuring investments through its operating partnership, NewLake delivers a REIT structure to investors while maintaining operational flexibility on the ground.

The company’s core activities include identifying value-add or newly developed self-storage facilities in growth-oriented markets, negotiating acquisitions or ground leases, and overseeing construction or renovation.