Ciner Resources LP (NYSE:CINR) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 4,100 shares, a drop of 73.0% from the June 30th total of 15,200 shares. Based on an average daily volume of 34,500 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.
Several institutional investors and hedge funds have recently modified their holdings of CINR. Tower Research Capital LLC TRC grew its stake in shares of Ciner Resources by 1,262.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,724 shares of the basic materials company’s stock valued at $28,000 after buying an additional 2,524 shares during the period. Advisor Group Holdings Inc. acquired a new position in Ciner Resources during the 1st quarter valued at about $78,000. Jane Street Group LLC acquired a new position in Ciner Resources during the 1st quarter valued at about $134,000. UBS Group AG boosted its stake in Ciner Resources by 551.6% during the 2nd quarter. UBS Group AG now owns 18,701 shares of the basic materials company’s stock valued at $238,000 after purchasing an additional 15,831 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Ciner Resources by 4.6% during the 1st quarter. Wells Fargo & Company MN now owns 377,247 shares of the basic materials company’s stock valued at $3,908,000 after purchasing an additional 16,632 shares during the last quarter. Institutional investors own 9.00% of the company’s stock.
CINR stock opened at $11.10 on Friday. The stock has a 50-day moving average price of $12.06 and a 200-day moving average price of $13.12. Ciner Resources has a 1-year low of $9.43 and a 1-year high of $19.83. The company has a current ratio of 3.67, a quick ratio of 3.14 and a debt-to-equity ratio of 0.58. The firm has a market cap of $219.30 million, a PE ratio of 5.09 and a beta of 1.37.
Ciner Resources (NYSE:CINR) last posted its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.27). The business had revenue of $114.40 million during the quarter. Ciner Resources had a return on equity of 15.19% and a net margin of 8.68%.
Ciner Resources Company Profile
Ciner Resources LP engages in the trona ore mining and soda ash production businesses in the United States and internationally. It processes trona ore into soda ash, which is a raw material in flat glass, container glass, detergents, chemicals, paper, and other consumer and industrial products. The company has approximately 23,500 acres of leased and licensed subsurface mining areas in the Green River Basin of Wyoming.
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