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

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) was the target of a significant 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 volume of 186,999 shares, the days-to-cover ratio is currently 0.1 days.

NewLake Capital Partners Stock Performance

NLCP stock traded down $0.02 on Thursday, hitting $15.59. 22,837 shares of the company were exchanged, compared to its average volume of 95,734. NewLake Capital Partners has a twelve month low of $12.09 and a twelve month high of $16.75. The business’s fifty day moving average is $14.99 and its two-hundred day moving average is $15.06.

Analysts Set New Price Targets

Separately, Compass Point reiterated a “neutral” rating and issued a $15.00 target price on shares of NewLake Capital Partners in a research note on Monday, March 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.75.

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.