CVR Partners, LP (NYSE:UAN) Sees Significant Decrease in Short Interest


Share on StockTwits

CVR Partners, LP (NYSE:UAN) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 14,500 shares, a decline of 23.3% from the March 31st total of 18,900 shares. Based on an average daily volume of 56,700 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

An institutional investor recently raised its position in CVR Partners stock. Morgan Stanley lifted its stake in CVR Partners, LP (NYSE:UAN) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,455,761 shares of the basic materials company’s stock after purchasing an additional 40,430 shares during the period. Morgan Stanley owned 1.31% of CVR Partners worth $1,263,000 at the end of the most recent reporting period.

CVR Partners stock traded down $2.48 during midday trading on Tuesday, reaching $55.74. 189,383 shares of the company traded hands, compared to its average volume of 56,403. CVR Partners has a 12 month low of $5.75 and a 12 month high of $62.98. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.69 and a quick ratio of 1.02. The business has a 50 day moving average of $43.83 and a two-hundred day moving average of $22.28. The firm has a market capitalization of $595.97 million, a price-to-earnings ratio of -5.49 and a beta of 1.84.

CVR Partners (NYSE:UAN) last announced its earnings results on Monday, May 3rd. The basic materials company reported ($2.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.31) by ($1.06). CVR Partners had a negative net margin of 30.71% and a negative return on equity of 17.27%.

CVR Partners Company Profile

CVR Partners, LP, together with its subsidiaries, produces and distributes nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea and ammonium nitrate products to agricultural customers, as well as retailers and distributors.

Recommended Story: Why is the LIBOR significant?

Receive News & Ratings for CVR Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Partners and related companies with MarketBeat.com's FREE daily email newsletter.