Short Interest in CVR Partners, LP (NYSE:UAN) Increases By 25.5%

CVR Partners, LP (NYSE:UAN) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 80,600 shares, an increase of 25.5% from the October 15th total of 64,200 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average trading volume of 31,000 shares, the days-to-cover ratio is currently 2.6 days.

CVR Partners Trading Up 1.5 %

Shares of UAN opened at $72.32 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. The company has a 50 day simple moving average of $69.04 and a two-hundred day simple moving average of $74.22. CVR Partners has a 1 year low of $60.50 and a 1 year high of $88.94. The firm has a market cap of $1.24 billion, a P/E ratio of 14.55 and a beta of 1.28.

CVR Partners Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 6.58%. The ex-dividend date is Friday, November 8th. CVR Partners’s payout ratio is presently 95.77%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of CVR Partners from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th.

Insider Buying and Selling at CVR Partners

In other CVR Partners news, major shareholder Carl C. Icahn purchased 10,697 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were acquired at an average price of $71.82 per share, for a total transaction of $768,258.54. Following the purchase, the insider now directly owns 66,249 shares of the company’s stock, valued at $4,758,003.18. The trade was a 19.26 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have bought 51,916 shares of company stock valued at $3,624,182.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Oxbow Advisors LLC lifted its stake in shares of CVR Partners by 10.5% in the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock valued at $208,000 after purchasing an additional 295 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of CVR Partners during the third quarter valued at $244,000. Exchange Traded Concepts LLC bought a new position in CVR Partners in the 3rd quarter worth about $293,000. Virtu Financial LLC bought a new position in CVR Partners in the first quarter worth approximately $506,000. Finally, GSA Capital Partners LLP grew its position in shares of 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 buying an additional 1,187 shares in the last quarter. 43.83% of the stock is owned by hedge funds and other institutional investors.

CVR Partners Company Profile

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.