FIBRA Prologis (OTCMKTS:FBBPF) Sees Large Decrease in Short Interest

FIBRA Prologis (OTCMKTS:FBBPF) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 7,240,637 shares, a decrease 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 presently 583.5 days.

Analyst Ratings Changes

Several research analysts have issued reports on FBBPF shares. Itau BBA Securities cut FIBRA Prologis from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 20th. Santander raised shares of 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 given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

FIBRA Prologis Price Performance

FBBPF stock opened at $4.47 on Thursday. The business has a fifty day moving average price of $4.62 and a 200 day moving average price of $4.30. FIBRA Prologis has a fifty-two week low of $2.94 and a fifty-two 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.