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

Logistic Properties of the Americas (NYSEAMERICAN:LPA) saw a significant drop in short interest in the month of 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 trading volume of 28,729 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 28,729 shares, the days-to-cover ratio is presently 2.7 days.

Hedge Funds Weigh In On Logistic Properties of the Americas

Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new stake in shares of Logistic Properties of the Americas in the 3rd quarter valued at $57,000. New York State Common Retirement Fund bought a new stake in Logistic Properties of the Americas in the second quarter worth $98,000. JPMorgan Chase & Co. purchased a new stake in Logistic Properties of the Americas during the second quarter valued at about $25,000. Geode Capital Management LLC bought a new position in shares of Logistic Properties of the Americas during the second quarter valued at about $275,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Logistic Properties of the Americas by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 23,762 shares of the company’s stock valued at $212,000 after buying an additional 4,645 shares during the last quarter. 42.71% of the stock is currently owned by institutional investors.

Logistic Properties of the Americas Price Performance

NYSEAMERICAN LPA traded up $0.04 on Wednesday, hitting $2.73. The stock had a trading volume of 10,649 shares, compared to its average volume of 48,365. The firm has a 50-day moving average of $3.10 and a 200-day moving average of $5.04. The company has a market capitalization of $86.05 million, a price-to-earnings ratio of 11.87 and a beta of 6.03. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.05. Logistic Properties of the Americas has a 52-week low of $2.55 and a 52-week high of $11.47.

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.