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

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

Analyst Ratings Changes

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

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NewLake Capital Partners Trading Up 1.2%

Shares of NLCP opened at $15.80 on Friday. The company’s fifty day moving average is $15.02 and its two-hundred day moving average is $15.08. NewLake Capital Partners has a fifty-two week low of $12.09 and a fifty-two week high of $16.75.

NewLake Capital Partners Company Profile

(Get Free Report)

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.

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