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

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 31,409 shares, a drop of 48.2% from the December 31st total of 60,677 shares. Based on an average daily volume of 237,181 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 237,181 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

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

NewLake Capital Partners Stock Up 0.7%

Shares of NLCP opened at $15.15 on Friday. NewLake Capital Partners has a 1 year low of $12.08 and a 1 year high of $16.86. The business’s 50 day simple moving average is $14.32 and its 200-day simple moving average is $13.81.

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.