FIBRA Prologis (OTCMKTS:FBBPF) Sees Large Drop in Short Interest

FIBRA Prologis (OTCMKTS:FBBPF) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 7,240,637 shares, a decline of 13.8% from the February 26th total of 8,395,165 shares. Based on an average trading volume of 12,408 shares, the days-to-cover ratio is presently 583.5 days.

Wall Street Analysts Forecast Growth

FBBPF has been the subject of a number of research reports. Santander upgraded FIBRA Prologis to an “outperform” rating in a report on Monday, December 15th. Itau BBA Securities cut FIBRA Prologis from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

FIBRA Prologis Price Performance

Shares of FBBPF stock opened at $4.47 on Wednesday. FIBRA Prologis has a 12 month low of $2.94 and a 12 month high of $5.18. The company’s fifty day simple moving average is $4.62 and its 200-day simple moving average is $4.30.

About FIBRA Prologis

FIBRA Prologis (OTCMKTS: FBBPF) is a Mexican real estate investment trust specializing in the ownership, development and operation of industrial and logistics properties. Established in 2011 as the first Mexican Fibra backed by an international sponsor, the company focuses on acquiring and managing warehouse and distribution centers that serve manufacturing, retail and third-party logistics clients across Mexico’s key industrial corridors.

The trust’s core activities include leasing modern logistics facilities, executing build-to-suit developments and providing property management services tailored to the needs of multinational and domestic occupiers.