Logistic Properties of the Americas Sees 48.7% Surge in Short Interest

Logistic Properties of the Americas (NYSEAMERICAN:LPA) experienced a notable increase in short interest in December 2023. As of December 31, short interest reached a total of 116,942 shares, marking a significant rise of 48.7% from the 78,619 shares reported on December 15. This surge indicates growing skepticism among investors regarding the company’s stock performance, with 0.5% of the company’s shares currently short sold. The average daily trading volume of 29,722 shares translates to a days-to-cover ratio of approximately 3.9 days.

Institutional Investment Trends

Recent activity among institutional investors and hedge funds highlights the shifting landscape for Logistic Properties of the Americas. Notably, Goldman Sachs Group Inc. increased its holdings by 24.3% in the first quarter, now owning 23,762 shares valued at $212,000 after acquiring an additional 4,645 shares. Geode Capital Management LLC entered the fray by purchasing a new position valued at $275,000 during the second quarter. Other significant investments include JPMorgan Chase & Co., which acquired a stake worth $25,000, and the New York State Common Retirement Fund, which invested $98,000 during the same period. Russell Investments Group Ltd. also made a move, acquiring a position valued at $57,000. Overall, institutional investors and hedge funds now collectively own 42.71% of the company’s stock.

Stock Performance Overview

On the trading front, shares of LPA declined by 2.0% on Friday, reaching $3.01. The trading volume for the day was 9,561 shares, compared to an average of 23,300 shares. The firm’s fifty-day moving average stands at $2.98, while the two-hundred-day moving average is significantly higher at $4.68. Logistic Properties of the Americas currently holds a market capitalization of $94.88 million, a P/E ratio of 13.09, and a beta of 6.07. The company has seen a 12-month low of $2.55 and a 12-month high of $10.72. Financial ratios reflect a debt-to-equity ratio of 0.88, with both the current and quick ratios at 1.05.

Logistic Properties of the Americas, founded in 2020 and publicly traded since then, focuses on acquiring, developing, and managing Class A industrial properties across the Americas. The company aims to meet rising demand from sectors such as e-commerce, retail, and logistics by investing in strategically located facilities in the United States, Mexico, and Latin America. The management team brings extensive experience in industrial real estate and supply chain operations, positioning the company for future growth.