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

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) saw a significant drop in short interest in 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 short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Compass Point reaffirmed a “neutral” rating and issued a $15.00 price objective on shares of NewLake Capital Partners in a report on Monday, March 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.75.

NewLake Capital Partners Stock Performance

NewLake Capital Partners stock opened at $15.80 on Friday. NewLake Capital Partners has a 12-month low of $12.09 and a 12-month high of $16.75. The firm has a 50 day simple moving average of $15.04 and a 200-day simple moving average of $15.09.

NewLake Capital Partners Company Profile

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.