Short Interest in Icahn Enterprises L.P. (NASDAQ:IEP) Rises By 6.8%

Icahn Enterprises L.P. (NASDAQ:IEP) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 11,780,000 shares, an increase of 6.8% from the October 31st total of 11,030,000 shares. Based on an average daily trading volume, of 1,250,000 shares, the short-interest ratio is currently 9.4 days. Currently, 2.3% of the shares of the stock are sold short.

Icahn Enterprises Stock Performance

Shares of IEP stock opened at $11.12 on Tuesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 4.61 and a current ratio of 4.61. The company’s 50 day moving average price is $13.11 and its two-hundred day moving average price is $14.75. The company has a market capitalization of $5.60 billion, a P/E ratio of -10.20 and a beta of 0.78. Icahn Enterprises has a 52 week low of $9.72 and a 52 week high of $22.59.

Icahn Enterprises Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Monday, November 18th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 17.99%. The ex-dividend date of this dividend is Monday, November 18th. Icahn Enterprises’s dividend payout ratio (DPR) is presently -183.48%.

Institutional Trading of Icahn Enterprises

Institutional investors and hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new stake in Icahn Enterprises during the 3rd quarter valued at $30,000. Planning Capital Management Corp bought a new stake in shares of Icahn Enterprises in the 3rd quarter worth about $34,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Icahn Enterprises by 61.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,845 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 1,083 shares during the period. Barclays PLC boosted its position in Icahn Enterprises by 24.3% during the 3rd quarter. Barclays PLC now owns 7,307 shares of the conglomerate’s stock valued at $100,000 after acquiring an additional 1,427 shares in the last quarter. Finally, KPP Advisory Services LLC purchased a new stake in Icahn Enterprises during the 2nd quarter worth approximately $187,000. 87.09% of the stock is owned by hedge funds and other institutional investors.

About Icahn Enterprises

Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The Investment segment invests its proprietary capital through various private investment funds. This segment provides investment advisory and other related services.