CVR Partners, LP (NYSE:UAN) Short Interest Up 25.5% in October

CVR Partners, LP (NYSE:UAN) saw a large 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. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 31,000 shares, the days-to-cover ratio is currently 2.6 days.

Wall Street Analysts Forecast Growth

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

CVR Partners Stock Performance

Shares of NYSE:UAN opened at $72.37 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.44 and a current ratio of 2.15. The firm has a market cap of $1.24 billion, a PE ratio of 14.56 and a beta of 1.28. The firm’s 50 day simple moving average is $69.14 and its 200-day simple moving average is $74.11. CVR Partners has a one year low of $60.50 and a one year high of $88.94.

CVR Partners Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given 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 of this dividend is Friday, November 8th. CVR Partners’s dividend payout ratio (DPR) is presently 95.77%.

Insider Buying and Selling

In other CVR Partners news, major shareholder Carl C. Icahn acquired 23,910 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average price of $68.76 per share, for a total transaction of $1,644,051.60. Following the acquisition, the insider now directly owns 55,552 shares in the company, valued at $3,819,755.52. The trade was a 75.56 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 51,916 shares of company stock valued at $3,624,182 in the last ninety days.

Institutional Investors Weigh In On CVR Partners

Several hedge funds have recently made changes to their positions in UAN. De Lisle Partners LLP boosted its stake in shares of CVR Partners by 18.1% during the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after purchasing an additional 7,000 shares in the last quarter. Founders Financial Alliance LLC boosted its position in CVR Partners by 9.0% during the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after acquiring an additional 1,400 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of CVR Partners by 12.8% in the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after acquiring an additional 1,187 shares during the period. SG Americas Securities LLC bought a new position in shares of CVR Partners in the 1st quarter worth $820,000. Finally, Virtu Financial LLC bought a new stake in CVR Partners during the first quarter valued at about $506,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

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.