Short Interest in CVR Partners, LP (NYSE:UAN) Declines By 16.4%

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

CVR Partners Stock Up 1.0 %

Shares of CVR Partners stock traded up $0.77 during trading on Tuesday, hitting $75.96. 23,700 shares of the stock traded hands, compared to its average volume of 35,424. The company has a fifty day moving average price of $73.13 and a two-hundred day moving average price of $72.76. CVR Partners has a twelve month low of $61.62 and a twelve month high of $88.94. The stock has a market cap of $1.30 billion, a P/E ratio of 15.28 and a beta of 1.35. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.44 and a current ratio of 2.15.

CVR Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date was Friday, November 8th. CVR Partners’s dividend payout ratio (DPR) is presently 95.77%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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 2,518 shares of the stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of $74.97 per share, for a total transaction of $188,774.46. Following the acquisition, the insider now directly owns 147,213 shares in the company, valued at approximately $11,036,558.61. The trade was a 1.74 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 85,807 shares of company stock valued at $6,117,505 in the last 90 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UAN. McIlrath & Eck LLC acquired a new stake in shares of CVR Partners in the 3rd quarter valued at $51,000. Oxbow Advisors LLC raised its holdings in CVR Partners by 10.5% during the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock valued at $208,000 after buying an additional 295 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of CVR Partners in the third quarter worth about $244,000. Exchange Traded Concepts LLC bought a new stake in shares of CVR Partners during the 3rd quarter worth about $293,000. Finally, GSA Capital Partners LLP increased its holdings in shares of CVR Partners by 12.8% during the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after acquiring an additional 1,187 shares during the last quarter. Institutional investors and hedge funds own 43.83% of the company’s stock.

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.