Logistic Properties of the Americas (NYSEAMERICAN:LPA) Sees Significant Increase in Short Interest

Logistic Properties of the Americas (NYSEAMERICAN:LPA) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 116,942 shares, a growth of 48.7% from the December 15th total of 78,619 shares. Based on an average daily trading volume, of 29,722 shares, the days-to-cover ratio is presently 3.9 days. Currently, 0.5% of the company’s stock are short sold. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 29,722 shares, the days-to-cover ratio is presently 3.9 days.

Hedge Funds Weigh In On Logistic Properties of the Americas

A number of institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in 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 worth $212,000 after purchasing an additional 4,645 shares in the last quarter. Geode Capital Management LLC purchased a new position in shares of Logistic Properties of the Americas in the 2nd quarter valued at $275,000. JPMorgan Chase & Co. acquired a new stake in Logistic Properties of the Americas during the 2nd quarter worth $25,000. New York State Common Retirement Fund purchased a new stake in Logistic Properties of the Americas in the second quarter valued at $98,000. Finally, Russell Investments Group Ltd. acquired a new position in Logistic Properties of the Americas in the third quarter valued at $57,000. Institutional investors and hedge funds own 42.71% of the company’s stock.

Logistic Properties of the Americas Stock Down 2.0%

Shares of LPA stock traded down $0.06 during trading hours on Friday, reaching $3.01. 9,561 shares of the stock were exchanged, compared to its average volume of 23,300. The business’s fifty day moving average is $2.98 and its two-hundred day moving average is $4.68. The firm has a market capitalization of $94.88 million, a P/E ratio of 13.09 and a beta of 6.07. Logistic Properties of the Americas has a 12-month low of $2.55 and a 12-month high of $10.72. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.05 and a quick ratio of 1.05.

About Logistic Properties of the Americas

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.