NewLake Capital Partners, Inc. (OTCMKTS:NLCP) Sees Large Growth in Short Interest

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) saw a significant increase in short interest in 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 trading volume, of 418,209 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 418,209 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

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

NewLake Capital Partners Stock Up 1.3%

OTCMKTS NLCP traded up $0.19 on Wednesday, hitting $15.25. 24,586 shares of the stock were exchanged, compared to its average volume of 119,970. NewLake Capital Partners has a 52-week low of $12.08 and a 52-week high of $17.15. The stock has a fifty day moving average price of $13.73 and a two-hundred day moving average price of $13.71.

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.