Short Interest in Cedar Fair, L.P. (NYSE:FUN) Rises By 19.6%

Cedar Fair, L.P. (NYSE:FUN - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 9,140,000 shares, an increase of 19.6% from the March 15th total of 7,640,000 shares. Currently, 9.3% of the company's shares are sold short. Based on an average daily volume of 1,590,000 shares, the days-to-cover ratio is presently 5.7 days.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Truist Financial cut their price target on shares of Cedar Fair from $52.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. dropped their target price on shares of Cedar Fair from $46.00 to $28.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. UBS Group started coverage on shares of Cedar Fair in a report on Wednesday, April 9th. They set a "buy" rating and a $49.00 target price on the stock. StockNews.com downgraded Cedar Fair from a "hold" rating to a "sell" rating in a report on Thursday, March 6th. Finally, Jefferies Financial Group reduced their price objective on Cedar Fair from $58.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Cedar Fair presently has an average rating of "Moderate Buy" and an average price target of $50.87.

Cedar Fair Stock Performance

Cedar Fair stock traded down $0.49 during mid-day trading on Friday, hitting $35.52. 220,425 shares of the company's stock traded hands, compared to its average volume of 1,426,078. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95. Cedar Fair has a one year low of $28.02 and a one year high of $58.70. The firm has a 50 day moving average price of $37.11 and a 200 day moving average price of $42.09. The company has a market cap of $3.56 billion, a PE ratio of -55.39 and a beta of 1.21.

About Cedar Fair

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.