Short Interest in FIBRA Prologis (OTCMKTS:FBBPF) Drops By 13.8%

FIBRA Prologis (OTCMKTS:FBBPF) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 7,240,637 shares, a drop of 13.8% from the February 26th total of 8,395,165 shares. Based on an average trading volume of 12,408 shares, the short-interest ratio is currently 583.5 days.

Wall Street Analyst Weigh In

FBBPF has been the topic of a number of research reports. Itau BBA Securities lowered FIBRA Prologis from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 20th. Santander upgraded FIBRA Prologis to an “outperform” rating in a report on Monday, December 15th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

FIBRA Prologis Trading Up 0.8%

FBBPF opened at $4.35 on Tuesday. The business’s 50-day simple moving average is $4.62 and its 200 day simple moving average is $4.29. FIBRA Prologis has a 52-week low of $2.94 and a 52-week high of $5.18.

FIBRA Prologis Company Profile

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.