CVR Partners, LP (NYSE:UAN) Short Interest Down 16.4% in December

CVR Partners, LP (NYSE:UAN - Get Free Report) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 71,600 shares, a decrease of 16.4% from the November 30th total of 85,600 shares. Approximately 1.1% of the company's shares are short sold. Based on an average daily volume of 36,200 shares, the short-interest ratio is presently 2.0 days.

Insiders Place Their Bets

In related news, major shareholder Carl C. Icahn bought 23,910 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $68.76 per share, with a total value of $1,644,051.60. Following the purchase, the insider now directly owns 55,552 shares of the company's stock, valued at $3,819,755.52. This trade represents a 75.56 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have acquired 85,807 shares of company stock worth $6,117,505 over the last three months.

Institutional Trading of CVR Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. McIlrath & Eck LLC acquired a new stake in CVR Partners during the 3rd quarter worth $51,000. De Lisle Partners LLP raised its holdings in shares of CVR Partners by 18.1% in the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company's stock valued at $3,071,000 after buying an additional 7,000 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of CVR Partners by 12.8% during the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company's stock worth $702,000 after buying an additional 1,187 shares during the period. Apollon Wealth Management LLC acquired a new stake in shares of CVR Partners during the third quarter worth about $244,000. Finally, Oxbow Advisors LLC grew its holdings in shares of CVR Partners by 10.5% during the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company's stock worth $208,000 after buying an additional 295 shares during the last quarter. Institutional investors and hedge funds own 43.83% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded CVR Partners from a "strong-buy" rating to a "buy" rating in a report on Wednesday, December 18th.

CVR Partners Stock Up 0.1 %

CVR Partners stock traded up $0.11 during mid-day trading on Friday, hitting $75.25. The company had a trading volume of 15,833 shares, compared to its average volume of 35,454. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 15.14 and a beta of 1.35. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. CVR Partners has a 1 year low of $61.62 and a 1 year high of $88.94. The business has a fifty day moving average of $73.06 and a 200 day moving average of $72.83.

CVR Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $4.76 annualized dividend and a yield of 6.33%. CVR Partners's dividend payout ratio is currently 95.77%.

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.