CVR Partners, LP (NYSE:UAN) Short Interest Down 16.4% in December

CVR Partners, LP (NYSE:UAN) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 71,600 shares, a drop of 16.4% from the November 30th total of 85,600 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 36,200 shares, the days-to-cover ratio is presently 2.0 days.

CVR Partners Trading Up 0.1 %

Shares of UAN stock traded up $0.11 during mid-day trading on Friday, hitting $75.25. The company’s stock had a trading volume of 15,833 shares, compared to its average volume of 35,454. CVR Partners has a 52 week low of $61.62 and a 52 week high of $88.94. 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 company’s fifty day simple moving average is $73.06 and its 200-day simple moving average is $72.83. The company has a market cap of $1.29 billion, a PE ratio of 15.14 and a beta of 1.35.

CVR Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date of this dividend was Friday, November 8th. CVR Partners’s payout ratio is 95.77%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 18th.

Insider Buying and Selling at CVR Partners

In related news, major shareholder Carl C. Icahn purchased 9,382 shares of CVR Partners stock in a transaction on Wednesday, November 6th. The shares were purchased at an average price of $68.75 per share, for a total transaction of $645,012.50. Following the transaction, the insider now owns 9,382 shares of the company’s stock, valued at approximately $645,012.50. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders have acquired 85,807 shares of company stock valued at $6,117,505.

Institutional Investors Weigh In On CVR Partners

Large investors have recently bought and sold shares of the stock. De Lisle Partners LLP increased its holdings 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 acquiring an additional 7,000 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in CVR Partners during the 3rd quarter valued at $293,000. Oxbow Advisors LLC bought a new position in shares of CVR Partners in the second quarter valued at $212,000. Founders Financial Alliance LLC grew its holdings in shares of CVR Partners by 9.0% during 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 buying an additional 1,400 shares during the last quarter. Finally, McIlrath & Eck LLC bought a new stake in shares of CVR Partners during the third quarter worth about $51,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

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.