Short Interest in NewLake Capital Partners, Inc. (OTCMKTS:NLCP) Drops By 42.8%

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 25,171 shares, a drop of 42.8% from the February 12th total of 44,031 shares. Based on an average trading volume of 221,705 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 221,705 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several research firms have commented on NLCP. UBS Group upgraded NewLake Capital Partners to a “buy” rating and set a $16.00 target price for the company in a research report on Friday, December 12th. Loop Capital set a $16.00 price objective 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 report on Friday, December 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat, NewLake Capital Partners presently has a consensus rating of “Buy” and a consensus target price of $16.00.

NewLake Capital Partners Stock Performance

OTCMKTS NLCP opened at $16.01 on Thursday. NewLake Capital Partners has a 12 month low of $12.08 and a 12 month high of $16.75. The business’s 50-day moving average price is $15.44 and its two-hundred day moving average price is $14.13.

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.