NewLake Capital Partners, Inc. (OTCMKTS:NLCP) Short Interest Update

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 16,000 shares, a decrease of 23.1% from the February 28th total of 20,800 shares. Based on an average daily trading volume, of 95,000 shares, the short-interest ratio is presently 0.2 days.

NewLake Capital Partners Trading Down 0.4 %

OTCMKTS:NLCP opened at $15.13 on Monday. The firm has a fifty day simple moving average of $15.87 and a 200-day simple moving average of $17.79. NewLake Capital Partners has a 12 month low of $14.90 and a 12 month high of $21.46.

NewLake Capital Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.43 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a yield of 11.37%.

About NewLake Capital Partners

NewLake Capital Partners, Inc is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects. NewLake owns a portfolio of 31 properties comprised of 14 cultivation facilities and 17 dispensaries that are leased to single tenants on a triple-net basis.