Short Interest in Logistic Properties of the Americas (NYSEAMERICAN:LPA) Declines By 29.0%

Logistic Properties of the Americas (NYSEAMERICAN:LPA) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 78,619 shares, a drop of 29.0% from the November 30th total of 110,797 shares. Based on an average daily trading volume, of 28,729 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 28,729 shares, the days-to-cover ratio is currently 2.7 days.

Logistic Properties of the Americas Stock Down 0.4%

NYSEAMERICAN:LPA traded down $0.01 during trading hours on Monday, hitting $2.84. 17,254 shares of the company’s stock traded hands, compared to its average volume of 28,939. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $89.52 million, a P/E ratio of 12.39 and a beta of 6.03. The stock’s fifty day moving average price is $3.15 and its two-hundred day moving average price is $5.10. Logistic Properties of the Americas has a twelve month low of $2.55 and a twelve month high of $11.47.

Institutional Investors Weigh In On Logistic Properties of the Americas

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in Logistic Properties of the Americas in the 2nd quarter worth $25,000. Russell Investments Group Ltd. bought a new position in shares of Logistic Properties of the Americas during the 3rd quarter worth about $57,000. New York State Common Retirement Fund acquired a new stake in shares of Logistic Properties of the Americas during the 2nd quarter valued at about $98,000. Goldman Sachs Group Inc. raised its position in Logistic Properties of the Americas by 24.3% in the first quarter. Goldman Sachs Group Inc. now owns 23,762 shares of the company’s stock worth $212,000 after purchasing an additional 4,645 shares in the last quarter. Finally, Geode Capital Management LLC acquired a new stake in Logistic Properties of the Americas during the second quarter valued at approximately $275,000. 42.71% of the stock is currently owned by institutional investors.

Logistic Properties of the Americas Company Profile

Logistic Properties of the Americas (NYSE American: LPA) is a publicly traded real estate investment trust focused on the acquisition, development, and management of Class A industrial properties across the Americas. The company’s portfolio comprises modern logistics and distribution facilities strategically located in key markets throughout the United States, Mexico, and Latin America. By targeting high-barrier-to-entry locations, Logistic Properties of the Americas aims to support growing demand from e-commerce, retail, manufacturing, and third-party logistics providers.

Founded in 2020, the company launched its initial public offering in late 2020 and is overseen by a management team with deep experience in industrial real estate and supply chain operations.