NewLake Capital Partners, Inc. (OTCMKTS:NLCP) Short Interest Up 110.9% in December

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 60,677 shares, an increase of 110.9% from the December 15th total of 28,773 shares. Based on an average daily volume of 418,209 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 418,209 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

NLCP has been the subject of a number of research reports. Loop Capital set a $16.00 target price on shares of NewLake Capital Partners in a report on Friday, December 12th. UBS Group upgraded NewLake Capital Partners to a “buy” rating and set a $16.00 target price on the stock in a report on Friday, December 12th. Finally, Capital One Financial set a $16.00 price target on NewLake Capital Partners in a report on Friday, December 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $16.00.

NewLake Capital Partners Stock Down 0.4%

Shares of OTCMKTS NLCP traded down $0.06 during midday trading on Thursday, reaching $15.04. 105,936 shares of the stock were exchanged, compared to its average volume of 123,694. The company has a 50 day simple moving average of $13.78 and a 200 day simple moving average of $13.72. NewLake Capital Partners has a twelve month low of $12.08 and a twelve month high of $17.15.

NewLake Capital Partners Company Profile

NewLake Capital Partners, Inc is a publicly traded real estate investment trust that focuses on the acquisition, development and operation of self-storage properties across the United States. Established in the mid-2010s, the company seeks to generate stable, long-term cash flows through a portfolio of facilities that serve both individual and commercial customers. By structuring investments through its operating partnership, NewLake delivers a REIT structure to investors while maintaining operational flexibility on the ground.

The company’s core activities include identifying value-add or newly developed self-storage facilities in growth-oriented markets, negotiating acquisitions or ground leases, and overseeing construction or renovation.