Short Interest in NewLake Capital Partners, Inc. (OTCMKTS:NLCP) Expands By 110.9%

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 60,677 shares, an increase of 110.9% from the December 15th total of 28,773 shares. Based on an average trading volume of 418,209 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 418,209 shares, the short-interest ratio is presently 0.1 days.

NewLake Capital Partners Trading Down 0.4%

OTCMKTS NLCP opened at $15.04 on Friday. NewLake Capital Partners has a 12 month low of $12.08 and a 12 month high of $17.15. The company’s 50 day simple moving average is $13.82 and its 200 day simple moving average is $13.73.

Analyst Upgrades and Downgrades

NLCP has been the topic of a number of recent research reports. Loop Capital set a $16.00 target price on shares of NewLake Capital Partners in a report on Friday, December 12th. Capital One Financial set a $16.00 price objective on shares of NewLake Capital Partners in a research note on Friday, December 12th. Finally, UBS Group upgraded shares of NewLake Capital Partners to a “buy” rating and set a $16.00 target price on the stock in a research report on Friday, December 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $16.00.

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.