Logistic Properties of the Americas (NYSEAMERICAN:LPA) Short Interest Down 29.0% in December

Logistic Properties of the Americas (NYSEAMERICAN:LPA) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 78,619 shares, a decline of 29.0% from the November 30th total of 110,797 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 28,729 shares, the days-to-cover ratio is presently 2.7 days. Based on an average daily volume of 28,729 shares, the days-to-cover ratio is presently 2.7 days. Approximately 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Logistic Properties of the Americas

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC purchased a new position in shares of Logistic Properties of the Americas during the 2nd quarter worth $275,000. New York State Common Retirement Fund bought a new position in shares of Logistic Properties of the Americas during the 2nd quarter valued at about $98,000. Russell Investments Group Ltd. purchased a new position in shares of Logistic Properties of the Americas in the third quarter valued at $57,000. Goldman Sachs Group Inc. increased its holdings in shares of Logistic Properties of the Americas by 24.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 23,762 shares of the company’s stock worth $212,000 after buying an additional 4,645 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in Logistic Properties of the Americas during the second quarter valued at approximately $25,000. Institutional investors own 42.71% of the company’s stock.

Logistic Properties of the Americas Stock Down 0.4%

NYSEAMERICAN LPA traded down $0.01 during trading hours on Monday, reaching $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 current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50-day simple moving average of $3.15 and a 200 day simple moving average of $5.10. Logistic Properties of the Americas has a 52-week low of $2.55 and a 52-week high of $11.47. The firm has a market cap of $89.52 million, a PE ratio of 12.39 and a beta of 6.03.

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.