Cypress Environmental Partners, L.P. (NYSE:CELP) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 1,500 shares, a decline of 68.1% from the August 15th total of 4,700 shares. Based on an average daily trading volume, of 43,100 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.
Several hedge funds and other institutional investors have recently bought and sold shares of CELP. Citadel Advisors LLC acquired a new stake in shares of Cypress Environmental Partners in the first quarter valued at approximately $108,000. Clarus Group Inc. acquired a new stake in shares of Cypress Environmental Partners in the first quarter valued at approximately $116,000. Platform Technology Partners acquired a new position in Cypress Environmental Partners during the second quarter worth $56,000. Finally, Morgan Stanley increased its holdings in Cypress Environmental Partners by 38.9% during the first quarter. Morgan Stanley now owns 22,092 shares of the oil and gas company’s stock worth $52,000 after buying an additional 6,188 shares during the last quarter. Institutional investors own 0.97% of the company’s stock.
CELP traded up $0.05 during trading on Thursday, reaching $1.45. The company had a trading volume of 59,292 shares, compared to its average volume of 63,315. The company has a debt-to-equity ratio of 17.25, a current ratio of 0.43 and a quick ratio of 0.43. Cypress Environmental Partners has a 12 month low of $1.31 and a 12 month high of $3.86. The business’s fifty day moving average price is $1.81 and its 200 day moving average price is $2.23. The company has a market cap of $17.89 million, a P/E ratio of -1.92 and a beta of 1.21.
About Cypress Environmental Partners
Cypress Environmental Partners LP engages in the provision of essential midstream services. The firm’s services include pipeline inspection, integrity and hydrostatic testing services to energy companies and vendors. It operates through the following segments: Pipeline Inspection, Pipeline & Process and Water & Environmental Services.
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