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

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

NewLake Capital Partners Stock Performance

NLCP stock opened at $15.13 on Monday. NewLake Capital Partners has a 52-week low of $14.90 and a 52-week high of $21.46. The stock’s fifty day simple moving average is $15.87 and its 200-day simple moving average is $17.79.

NewLake Capital Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 11.37%. The ex-dividend date 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.