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

Posted by Anthony Miller on Apr 2nd, 2025

NewLake Capital Partners, Inc. (OTCMKTS:NLCP – Get Free Report) was the target of a large decline in short interest in 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 daily trading volume, of 95,000 shares, the short-interest ratio is presently 0.2 days.

NewLake Capital Partners Trading Up 0.1 %

Shares of OTCMKTS:NLCP opened at $14.37 on Wednesday. The business’s fifty day moving average price is $15.80 and its two-hundred day moving average price is $17.72. NewLake Capital Partners has a one year low of $14.20 and a one year high of $21.46.

NewLake Capital Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.43 per share. 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

(Get Free Report)

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.