CVR Partners, LP (NYSE:UAN) Short Interest Down 15.4% in September

CVR Partners, LP (NYSE:UAN) saw a significant decline in short interest in September. As of September 15th, there was short interest totalling 59,500 shares, a decline of 15.4% from the August 31st total of 70,300 shares. Based on an average daily volume of 25,800 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.6% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, StockNews.com upgraded CVR Partners from a “hold” rating to a “buy” rating in a research report on Thursday.

CVR Partners Stock Down 0.0 %

UAN opened at $67.40 on Monday. The business’s fifty day moving average is $71.27 and its two-hundred day moving average is $75.88. The company has a current ratio of 3.09, a quick ratio of 1.73 and a debt-to-equity ratio of 1.80. CVR Partners has a one year low of $60.50 and a one year high of $88.94.

CVR Partners (NYSE:UAN) last posted its earnings results on Monday, July 29th. The basic materials company reported $2.48 EPS for the quarter. CVR Partners had a return on equity of 16.32% and a net margin of 9.29%. The company had revenue of $132.90 million for the quarter.

CVR Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were issued a $1.90 dividend. The ex-dividend date was Monday, August 12th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 11.28%. CVR Partners’s dividend payout ratio (DPR) is 96.69%.

Hedge Funds Weigh In On CVR Partners

Institutional investors have recently made changes to their positions in the stock. Founders Financial Alliance LLC increased its stake in CVR Partners by 9.0% in the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after purchasing an additional 1,400 shares during the last quarter. Oxbow Advisors LLC purchased a new stake in CVR Partners during the second quarter valued at about $212,000. Virtu Financial LLC purchased a new stake in CVR Partners during the first quarter valued at about $506,000. SG Americas Securities LLC purchased a new stake in CVR Partners during the first quarter valued at about $820,000. Finally, Aristides Capital LLC purchased a new stake in CVR Partners during the fourth quarter valued at about $256,000. 43.83% of the stock is owned by institutional investors and hedge funds.

CVR Partners Company Profile

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.