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

CVR Partners, LP (NYSE:UAN) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 80,600 shares, a growth 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 daily volume of 31,000 shares, the days-to-cover ratio is presently 2.6 days.

CVR Partners Stock Performance

UAN opened at $72.37 on Friday. CVR Partners has a 1-year low of $60.50 and a 1-year high of $88.94. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 14.56 and a beta of 1.28. The business has a 50 day moving average price of $69.14 and a two-hundred day moving average price of $74.11. 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 Cuts Dividend

The company also recently announced 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. The ex-dividend date is Friday, November 8th. This represents a $4.76 annualized dividend and a yield of 6.58%. CVR Partners’s dividend payout ratio is currently 95.77%.

Insider Buying and Selling at CVR Partners

In other CVR Partners news, major shareholder Carl C. Icahn purchased 23,910 shares of the stock in a transaction dated Friday, November 8th. The shares were bought at an average cost of $68.76 per share, with a total value of $1,644,051.60. Following the completion of the acquisition, the insider now owns 55,552 shares of the company’s stock, valued at approximately $3,819,755.52. This trade represents a 75.56 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have bought 51,916 shares of company stock worth $3,624,182.

Institutional Investors Weigh In On CVR Partners

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oxbow Advisors LLC boosted its position in shares of CVR Partners by 10.5% during 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 in the last quarter. GSA Capital Partners LLP grew its position in CVR Partners by 12.8% in the third 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 during the last quarter. Founders Financial Alliance LLC increased its holdings in shares of CVR Partners by 9.0% in the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after buying an additional 1,400 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of CVR Partners during the 3rd quarter valued at $244,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of CVR Partners during the 3rd quarter worth $293,000. 43.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.