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

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) was the target of a significant increase in short interest in the month of 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 presently 0.2 days.

NewLake Capital Partners Stock Up 0.5 %

Shares of NLCP opened at $15.07 on Thursday. The stock’s 50 day moving average is $16.06 and its two-hundred day moving average is $18.04. NewLake Capital Partners has a twelve month low of $14.94 and a twelve month high of $21.46.

NewLake Capital Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 yield of 11.41%. The ex-dividend date of this dividend is Monday, March 31st.

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.