FIBRA Prologis (OTCMKTS:FBBPF) Sees Significant Growth in Short Interest

FIBRA Prologis (OTCMKTS:FBBPF) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 6,676,002 shares, a growth of 19.4% from the December 31st total of 5,593,078 shares. Based on an average daily volume of 33,071 shares, the short-interest ratio is currently 201.9 days. Based on an average daily volume of 33,071 shares, the short-interest ratio is currently 201.9 days.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Santander upgraded shares of FIBRA Prologis to an “outperform” rating in a research note on Monday, December 15th. Itau BBA Securities cut shares of FIBRA Prologis from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 20th. Finally, Barclays reiterated an “overweight” rating on shares of FIBRA Prologis in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

FIBRA Prologis Price Performance

FBBPF stock traded up $0.38 on Tuesday, reaching $4.88. The company had a trading volume of 106 shares, compared to its average volume of 14,500. The company’s fifty day moving average is $4.34 and its 200 day moving average is $4.05. FIBRA Prologis has a 1 year low of $2.89 and a 1 year high of $4.88.

About FIBRA Prologis

FIBRA Prologis (OTCMKTS: FBBPF) is a Mexican real estate investment trust specializing in the ownership, development and operation of industrial and logistics properties. Established in 2011 as the first Mexican Fibra backed by an international sponsor, the company focuses on acquiring and managing warehouse and distribution centers that serve manufacturing, retail and third-party logistics clients across Mexico’s key industrial corridors.

The trust’s core activities include leasing modern logistics facilities, executing build-to-suit developments and providing property management services tailored to the needs of multinational and domestic occupiers.