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

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) saw a large 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 daily volume of 117,500 shares, the short-interest ratio is presently 0.2 days.

NewLake Capital Partners Stock Performance

NLCP stock traded up $0.07 during trading on Wednesday, hitting $15.07. 34,717 shares of the stock traded hands, compared to its average volume of 54,509. NewLake Capital Partners has a 1 year low of $14.94 and a 1 year high of $21.46. The firm’s 50 day moving average is $16.09 and its two-hundred day moving average is $18.06.

NewLake Capital Partners Announces Dividend

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

NewLake Capital Partners Company Profile

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.