FIBRA Prologis (OTCMKTS:FBBPF) Short Interest Update

FIBRA Prologis (OTCMKTS:FBBPF) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 8,537,594 shares, an increase of 84.3% from the May 31st total of 4,631,948 shares. Based on an average daily trading volume, of 2,312 shares, the days-to-cover ratio is currently 3,692.7 days. Approximately 0.5% of the shares of the company are short sold.

FIBRA Prologis Trading Down 2.3%

OTCMKTS FBBPF opened at $4.32 on Thursday. The business’s fifty day simple moving average is $4.64 and its 200-day simple moving average is $4.57. FIBRA Prologis has a 52 week low of $3.49 and a 52 week high of $5.18.

Analysts Set New Price Targets

Several analysts recently commented on FBBPF shares. Barclays reaffirmed an “overweight” rating on shares of FIBRA Prologis in a report on Monday, May 4th. Zacks Research upgraded FIBRA Prologis to a “hold” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, FIBRA Prologis currently has a consensus rating of “Moderate Buy”.

About FIBRA Prologis

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.