CVR Partners LP (NYSE:UAN) Short Interest Down 13.8% in July

CVR Partners LP (NYSE:UAN) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totalling 18,700 shares, a drop of 13.8% from the June 30th total of 21,700 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 213,700 shares, the short-interest ratio is currently 0.1 days.

Large investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of CVR Partners during the first quarter valued at about $34,000. JPMorgan Chase & Co. grew its stake in shares of CVR Partners by 3.3% during the first quarter. JPMorgan Chase & Co. now owns 3,060,675 shares of the basic materials company’s stock valued at $3,152,000 after buying an additional 98,213 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of CVR Partners by 2.0% during the second quarter. UBS Group AG now owns 3,136,147 shares of the basic materials company’s stock valued at $2,666,000 after buying an additional 61,762 shares during the last quarter. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

NYSE UAN opened at $1.00 on Friday. The stock’s 50-day simple moving average is $0.93 and its two-hundred day simple moving average is $1.42. CVR Partners has a twelve month low of $0.60 and a twelve month high of $4.10. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.84 and a current ratio of 1.44.

CVR Partners (NYSE:UAN) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported ($0.18) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.03. CVR Partners had a negative return on equity of 11.27% and a negative net margin of 12.81%. The business had revenue of $75.08 million for the quarter.

About CVR Partners

CVR Partners, LP produces, distributes, and markets nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea and ammonium nitrate products to agricultural customers, as well as retailers and distributors. CVR GP, LLC serves as the general partner of the company.

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