CVR Partners, LP (NYSE:UAN) Short Interest Update

CVR Partners, LP (NYSE:UAN - Get Free Report) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 80,600 shares, a growth of 25.5% from the October 15th total of 64,200 shares. Currently, 0.8% of the company's shares are sold short. Based on an average trading volume of 31,000 shares, the days-to-cover ratio is currently 2.6 days.

Insider Activity at CVR Partners

In other CVR Partners news, major shareholder Carl C. Icahn purchased 9,382 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was bought at an average price of $68.75 per share, with a total value of $645,012.50. Following the transaction, the insider now directly owns 9,382 shares of the company's stock, valued at approximately $645,012.50. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 51,916 shares of company stock worth $3,624,182 in the last three months.

Institutional Investors Weigh In On CVR Partners

A number of hedge funds and other institutional investors have recently modified their holdings of UAN. Oxbow Advisors LLC grew its stake 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 purchasing an additional 295 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in shares of CVR Partners during the 3rd quarter worth about $244,000. Exchange Traded Concepts LLC purchased a new position in shares of CVR Partners in the 3rd quarter valued at about $293,000. Virtu Financial LLC purchased a new position in shares of CVR Partners in the 1st quarter valued at about $506,000. Finally, GSA Capital Partners LLP raised its position 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 worth $702,000 after acquiring an additional 1,187 shares in the last quarter. 43.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded CVR Partners from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 30th.

CVR Partners Stock Up 0.1 %

Shares of UAN traded up $0.05 during midday trading on Friday, hitting $72.37. The company had a trading volume of 30,287 shares, compared to its average volume of 34,941. The company's 50-day simple moving average is $69.04 and its 200-day simple moving average is $74.22. 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 has a 1 year low of $60.50 and a 1 year high of $88.94. The firm has a market capitalization of $1.24 billion, a P/E ratio of 14.55 and a beta of 1.28.

CVR Partners Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 6.58%. The ex-dividend date is Friday, November 8th. CVR Partners's dividend payout ratio (DPR) is presently 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.