CrossAmerica Partners LP (NYSE:CAPL) Short Interest Up 26.5% in October

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 85,000 shares, a growth of 26.5% from the September 30th total of 67,200 shares. Based on an average daily trading volume, of 32,800 shares, the short-interest ratio is currently 2.6 days. Currently, 0.5% of the company's shares are sold short.

CrossAmerica Partners Stock Up 2.2 %

CAPL traded up $0.46 during trading hours on Wednesday, hitting $21.43. The stock had a trading volume of 30,421 shares, compared to its average volume of 36,090. The stock has a market cap of $814.92 million, a PE ratio of 34.70 and a beta of 1.51. The company's fifty day simple moving average is $20.82 and its 200 day simple moving average is $20.56. CrossAmerica Partners has a 1 year low of $18.43 and a 1 year high of $24.19.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last posted its earnings results on Wednesday, August 7th. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.10. The business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.27 billion. CrossAmerica Partners had a net margin of 0.51% and a negative return on equity of 314.20%. As a group, equities analysts expect that CrossAmerica Partners will post 0.46 EPS for the current year.

CrossAmerica Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 9.80%. The ex-dividend date is Monday, November 4th. CrossAmerica Partners's dividend payout ratio (DPR) is presently 344.26%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded CrossAmerica Partners from a "buy" rating to a "strong-buy" rating in a research report on Monday.

Hedge Funds Weigh In On CrossAmerica Partners

Hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new stake in shares of CrossAmerica Partners in the 1st quarter worth approximately $31,000. EverSource Wealth Advisors LLC lifted its stake in shares of CrossAmerica Partners by 376.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,531 shares of the oil and gas company's stock worth $51,000 after purchasing an additional 2,000 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of CrossAmerica Partners during the 1st quarter valued at approximately $205,000. American Financial Group Inc. boosted its position in shares of CrossAmerica Partners by 3.7% during the 1st quarter. American Financial Group Inc. now owns 14,000 shares of the oil and gas company's stock valued at $319,000 after acquiring an additional 500 shares during the last quarter. Finally, SpiderRock Advisors LLC bought a new stake in shares of CrossAmerica Partners in the 1st quarter worth about $325,000. Hedge funds and other institutional investors own 24.06% of the company's stock.

About CrossAmerica Partners

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. It operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, and company operated retail sites.