Short Interest in NewLake Capital Partners, Inc. (OTCMKTS:NLCP) Expands By 16.2%

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 20,800 shares, an increase of 16.2% from the February 13th total of 17,900 shares. Based on an average trading volume of 117,500 shares, the days-to-cover ratio is currently 0.2 days.

NewLake Capital Partners Stock Performance

NLCP stock traded up $0.07 on Wednesday, reaching $15.07. The company’s stock had a trading volume of 34,717 shares, compared to its average volume of 54,509. The business has a fifty day simple moving average of $16.09 and a two-hundred day simple moving average of $18.06. NewLake Capital Partners has a 12-month low of $14.94 and a 12-month high of $21.46.

NewLake Capital Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.43 per share. The ex-dividend date is Monday, March 31st. This represents a $1.72 annualized dividend and a yield of 11.41%.

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.