CVR Partners, LP (NYSE:UAN) Short Interest Update

CVR Partners, LP (NYSE:UAN) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 71,600 shares, a decrease of 16.4% from the November 30th total of 85,600 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 36,200 shares, the days-to-cover ratio is presently 2.0 days.

Analysts Set New Price Targets

Separately, StockNews.com downgraded CVR Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 18th.

CVR Partners Stock Performance

Shares of CVR Partners stock traded up $0.11 on Friday, reaching $75.25. 15,833 shares of the company traded hands, compared to its average volume of 35,454. The company has a 50 day moving average of $73.06 and a 200 day moving average of $72.83. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. CVR Partners has a 52 week low of $61.62 and a 52 week high of $88.94. The firm has a market capitalization of $1.29 billion, a PE ratio of 15.14 and a beta of 1.35.

CVR Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $1.19 per share. The ex-dividend date was Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.33%. CVR Partners’s dividend payout ratio is presently 95.77%.

Insider Buying and Selling

In other news, major shareholder Carl C. Icahn acquired 23,910 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was purchased at an average price of $68.76 per share, for a total transaction of $1,644,051.60. Following the purchase, the insider now owns 55,552 shares in the company, valued at approximately $3,819,755.52. This represents a 75.56 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders purchased 85,807 shares of company stock worth $6,117,505.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. McIlrath & Eck LLC bought a new position in shares of CVR Partners in the third quarter worth $51,000. Oxbow Advisors LLC lifted its holdings in shares of CVR Partners by 10.5% in the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock worth $208,000 after buying an additional 295 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of CVR Partners in the third quarter valued at approximately $244,000. Exchange Traded Concepts LLC purchased a new position in CVR Partners during the third quarter valued at approximately $293,000. Finally, GSA Capital Partners LLP increased its holdings in CVR Partners by 12.8% during the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after acquiring an additional 1,187 shares during the period. Institutional investors own 43.83% of the company’s stock.

About CVR Partners

CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors.