Short Interest in Logistic Properties of the Americas (NYSEAMERICAN:LPA) Drops By 13.0%

Logistic Properties of the Americas (NYSEAMERICAN:LPA) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 101,691 shares, a drop of 13.0% from the December 31st total of 116,942 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 26,877 shares, the days-to-cover ratio is presently 3.8 days. Based on an average daily trading volume, of 26,877 shares, the days-to-cover ratio is presently 3.8 days. Approximately 0.5% of the company’s shares are sold short.

Institutional Investors Weigh In On Logistic Properties of the Americas

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

Logistic Properties of the Americas Trading Up 0.8%

Shares of Logistic Properties of the Americas stock traded up $0.03 on Tuesday, reaching $2.99. The company had a trading volume of 20,476 shares, compared to its average volume of 17,218. 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 $94.09 million, a PE ratio of 13.09 and a beta of 6.06. The firm’s 50 day moving average price is $2.93 and its two-hundred day moving average price is $4.35. Logistic Properties of the Americas has a 52-week low of $2.55 and a 52-week high of $10.43.

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.