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 significant growth in short interest in March. As of March 31st, there was short interest totaling 127,556 shares, a growth of 33.3% from the March 15th total of 95,697 shares. Based on an average trading volume of 33,793 shares, the days-to-cover ratio is presently 3.8 days. Currently, 0.6% of the company’s stock are short sold.

Logistic Properties of the Americas Stock Down 0.8%

Shares of Logistic Properties of the Americas stock traded down $0.03 on Friday, reaching $3.69. The company’s stock had a trading volume of 15,954 shares, compared to its average volume of 21,238. Logistic Properties of the Americas has a 52 week low of $2.04 and a 52 week high of $9.41. The firm’s fifty day simple moving average is $2.84 and its two-hundred day simple moving average is $3.11. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $116.68 million, a price-to-earnings ratio of 11.18 and a beta of 5.89.

Logistic Properties of the Americas (NYSEAMERICAN:LPA) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.24 earnings per share (EPS) for the quarter. Logistic Properties of the Americas had a return on equity of 3.53% and a net margin of 20.98%.The firm had revenue of $13.71 million for the quarter.

Institutional Trading of Logistic Properties of the Americas

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new stake in Logistic Properties of the Americas in the second quarter worth about $25,000. Russell Investments Group Ltd. purchased a new stake in Logistic Properties of the Americas in the third quarter worth about $57,000. New York State Common Retirement Fund purchased a new stake in Logistic Properties of the Americas in the second quarter worth about $98,000. Goldman Sachs Group Inc. increased its position 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 worth $212,000 after buying an additional 4,645 shares in the last quarter. Finally, Geode Capital Management LLC purchased a new stake in Logistic Properties of the Americas in the second quarter worth about $275,000. Hedge funds and other institutional investors own 42.71% of the company’s stock.

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.