FIBRA Prologis (OTCMKTS:FBBPF) Short Interest Down 13.8% in March

FIBRA Prologis (OTCMKTS:FBBPF) was the target of a large drop in short interest during 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 daily volume of 12,408 shares, the days-to-cover ratio is currently 583.5 days.

Analyst Upgrades and Downgrades

FBBPF has been the topic of several research analyst reports. Itau BBA Securities cut shares of 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 research note on Monday, December 15th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, FIBRA Prologis currently has an average rating of “Moderate Buy”.

FIBRA Prologis Stock Up 0.8%

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

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.