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

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

CVR Partners Trading Down 0.0 %

Shares of NYSE UAN opened at $67.40 on Monday. CVR Partners has a 1-year low of $60.50 and a 1-year high of $88.94. The business has a 50-day moving average of $71.27 and a 200-day moving average of $75.88. The company has a quick ratio of 1.73, a current ratio of 3.09 and a debt-to-equity ratio of 1.80.

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

CVR Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were paid a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a yield of 11.28%. The ex-dividend date of this dividend was Monday, August 12th. CVR Partners’s payout ratio is currently 96.69%.

Institutional Trading of CVR Partners

Several institutional investors and hedge funds have recently bought and sold shares of the company. Founders Financial Alliance LLC raised its stake in 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 in the last quarter. Oxbow Advisors LLC acquired a new stake in shares of CVR Partners during the 2nd quarter worth approximately $212,000. Aristides Capital LLC acquired a new stake in shares of CVR Partners during the 4th quarter worth approximately $256,000. Virtu Financial LLC acquired a new stake in shares of CVR Partners during the 1st quarter worth approximately $506,000. Finally, SG Americas Securities LLC acquired a new stake in shares of CVR Partners during the 1st quarter worth approximately $820,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.