Short Interest in CVR Partners, LP (NYSE:UAN) Expands By 25.5%

CVR Partners, LP (NYSE:UAN) saw a large growth in short interest in 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. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 31,000 shares, the days-to-cover ratio is currently 2.6 days.

Insider Transactions at CVR Partners

In other CVR Partners news, major shareholder Carl C. Icahn purchased 23,910 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average price of $68.76 per share, with a total value of $1,644,051.60. Following the transaction, the insider now owns 55,552 shares in the company, valued at $3,819,755.52. The trade was a 75.56 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 51,916 shares of company stock valued at $3,624,182 in the last 90 days.

Institutional Trading of CVR Partners

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of CVR Partners in the first quarter worth $820,000. De Lisle Partners LLP lifted its stake in shares of CVR Partners by 18.1% in the 3rd quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after acquiring an additional 7,000 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of CVR Partners during the first quarter valued at approximately $506,000. Exchange Traded Concepts LLC bought a new stake in CVR Partners in the 3rd quarter worth $293,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of CVR Partners in the third quarter worth about $244,000. 43.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded CVR Partners from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th.

CVR Partners Price Performance

NYSE UAN opened at $72.32 on Friday. The company has a market cap of $1.24 billion, a PE ratio of 14.55 and a beta of 1.28. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. The firm’s 50-day simple moving average is $69.04 and its two-hundred day simple moving average is $74.22. CVR Partners has a 52 week low of $60.50 and a 52 week high of $88.94.

CVR Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a $1.19 dividend. The ex-dividend date is Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a yield of 6.58%. CVR Partners’s dividend payout ratio is 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.