Short Interest in CVR Partners, LP (NYSE:UAN) Increases By 21.6%

CVR Partners, LP (NYSE:UAN) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 76,100 shares, an increase of 21.6% from the June 30th total of 62,600 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 33,200 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UAN. SG Americas Securities LLC purchased a new position in CVR Partners during the 1st quarter worth approximately $820,000. Parkside Financial Bank & Trust purchased a new position in CVR Partners during the 4th quarter worth approximately $458,000. Virtu Financial LLC purchased a new position in CVR Partners during the 1st quarter worth approximately $506,000. Aristides Capital LLC purchased a new position in CVR Partners during the 4th quarter worth approximately $256,000. Finally, Jump Financial LLC grew its stake in CVR Partners by 76.4% during the 4th quarter. Jump Financial LLC now owns 8,210 shares of the basic materials company’s stock worth $538,000 after buying an additional 3,556 shares during the last quarter. Hedge funds and other institutional investors own 43.83% of the company’s stock.

CVR Partners Stock Performance

Shares of UAN traded up $1.06 during mid-day trading on Tuesday, reaching $78.46. The company’s stock had a trading volume of 23,010 shares, compared to its average volume of 36,747. CVR Partners has a 12-month low of $60.50 and a 12-month high of $94.30. The company has a current ratio of 2.29, a quick ratio of 1.38 and a debt-to-equity ratio of 1.84. The company’s 50 day moving average is $78.28 and its 200 day moving average is $75.59.

CVR Partners (NYSE:UAN) last released its quarterly earnings data on Monday, July 29th. The basic materials company reported $2.48 EPS for the quarter. CVR Partners had a return on equity of 26.35% and a net margin of 14.26%. The business had revenue of $132.90 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded CVR Partners from a “buy” rating to a “hold” rating in a report on Thursday, June 27th.

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.