Short Interest in NewLake Capital Partners, Inc. (OTCMKTS:NLCP) Decreases By 23.1%

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 16,000 shares, a decline of 23.1% from the February 28th total of 20,800 shares. Based on an average trading volume of 95,000 shares, the days-to-cover ratio is currently 0.2 days.

NewLake Capital Partners Stock Up 0.1 %

NewLake Capital Partners stock traded up $0.02 during midday trading on Tuesday, reaching $14.37. The company’s stock had a trading volume of 34,101 shares, compared to its average volume of 52,446. NewLake Capital Partners has a fifty-two week low of $14.20 and a fifty-two week high of $21.46. The business has a 50-day simple moving average of $15.80 and a 200-day simple moving average of $17.72.

NewLake Capital Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 11.97%. 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.