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

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) was the recipient of a significant increase in short interest during 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 daily trading volume, of 117,500 shares, the days-to-cover ratio is currently 0.2 days.

NewLake Capital Partners Trading Down 0.5 %

Shares of OTCMKTS NLCP opened at $15.00 on Friday. The stock has a 50 day moving average price of $16.02 and a 200 day moving average price of $18.02. NewLake Capital Partners has a 52-week low of $14.94 and a 52-week high of $21.46.

NewLake Capital Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.43 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.47%.

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.