Short Interest in CVR Partners, LP (NYSE:UAN) Drops By 15.4%

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

CVR Partners Stock Performance

UAN traded down $0.03 during midday trading on Friday, hitting $67.40. 12,638 shares of the company traded hands, compared to its average volume of 35,048. The company’s 50-day moving average is $71.27 and its 200 day moving average is $75.74. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.09 and a quick ratio of 1.73. CVR Partners has a 52 week low of $60.50 and a 52 week high of $88.94.

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

CVR Partners Cuts Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in CVR Partners in the 1st quarter worth $820,000. Virtu Financial LLC purchased a new position in shares of CVR Partners during the 1st quarter valued at about $506,000. Aristides Capital LLC bought a new position in shares of CVR Partners during the 4th quarter valued at approximately $256,000. Oxbow Advisors LLC purchased a new stake in CVR Partners in the 2nd quarter worth approximately $212,000. Finally, Founders Financial Alliance LLC raised its stake in CVR Partners by 9.0% during the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after acquiring an additional 1,400 shares during the period. Institutional investors 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.