Ciner Resources LP (NYSE:CINR) Sees Significant Decrease in Short Interest

Ciner Resources LP (NYSE:CINR) saw a significant decline in short interest in July. As of July 15th, there was short interest totalling 4,100 shares, a decline of 73.0% from the June 30th total of 15,200 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 34,500 shares, the short-interest ratio is presently 0.1 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG boosted its position in Ciner Resources by 551.6% during the second quarter. UBS Group AG now owns 18,701 shares of the basic materials company’s stock valued at $238,000 after buying an additional 15,831 shares during the period. Advisor Group Holdings Inc. purchased a new stake in Ciner Resources during the first quarter valued at about $78,000. Jane Street Group LLC purchased a new stake in Ciner Resources during the first quarter valued at about $134,000. Tower Research Capital LLC TRC boosted its position in Ciner Resources by 1,262.0% during the first quarter. Tower Research Capital LLC TRC now owns 2,724 shares of the basic materials company’s stock valued at $28,000 after buying an additional 2,524 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Ciner Resources by 4.6% during the first quarter. Wells Fargo & Company MN now owns 377,247 shares of the basic materials company’s stock valued at $3,908,000 after buying an additional 16,632 shares during the period. Institutional investors and hedge funds own 9.00% of the company’s stock.

Shares of NYSE:CINR opened at $11.10 on Friday. Ciner Resources has a 52-week low of $9.43 and a 52-week high of $19.83. The firm has a fifty day moving average of $12.06 and a 200 day moving average of $13.12. The firm has a market capitalization of $219.30 million, a PE ratio of 5.09 and a beta of 1.37. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.14 and a current ratio of 3.67.

Ciner Resources (NYSE:CINR) last announced its earnings results on Monday, May 11th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.27). Ciner Resources had a return on equity of 15.19% and a net margin of 8.68%. The company had revenue of $114.40 million during the quarter.

About Ciner Resources

Ciner Resources LP engages in the trona ore mining and soda ash production businesses in the United States and internationally. It processes trona ore into soda ash, which is a raw material in flat glass, container glass, detergents, chemicals, paper, and other consumer and industrial products. The company has approximately 23,500 acres of leased and licensed subsurface mining areas in the Green River Basin of Wyoming.

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