Short Interest in CVR Partners, LP (NYSE:UAN) Decreases By 19.4%

CVR Partners, LP (NYSE:UAN - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 57,400 shares, a drop of 19.4% from the April 30th total of 71,200 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 30,000 shares, the days-to-cover ratio is presently 1.9 days.

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn purchased 5,308 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were acquired at an average price of $73.87 per share, for a total transaction of $392,101.96. Following the acquisition, the insider now directly owns 267,253 shares in the company, valued at approximately $19,741,979.11. The trade was a 2.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 47,996 shares of company stock valued at $3,459,046 over the last quarter.

Institutional Trading of CVR Partners

Several institutional investors have recently added to or reduced their stakes in the stock. Icahn Carl C grew its position in shares of CVR Partners by 4.5% in the 4th quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company's stock worth $308,868,000 after acquiring an additional 174,192 shares in the last quarter. Rangeley Capital LLC acquired a new position in CVR Partners in the fourth quarter worth $1,823,000. Jane Street Group LLC bought a new stake in CVR Partners during the first quarter valued at $1,595,000. PEAK6 LLC bought a new stake in CVR Partners during the first quarter valued at $573,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of CVR Partners during the fourth quarter worth $480,000. 43.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of CVR Partners from a "buy" rating to a "strong-buy" rating in a report on Wednesday, April 30th.

CVR Partners Trading Up 0.1%

UAN stock traded up $0.11 on Tuesday, hitting $82.88. 20,509 shares of the company were exchanged, compared to its average volume of 30,716. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 14.39 and a beta of 1.07. CVR Partners has a twelve month low of $62.94 and a twelve month high of $84.96. The business's fifty day moving average is $77.50 and its two-hundred day moving average is $77.37.

CVR Partners (NYSE:UAN - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The basic materials company reported $2.56 earnings per share for the quarter. The firm had revenue of $142.87 million for the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.61%.

CVR Partners Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, May 19th. Shareholders of record on Tuesday, May 13th were given a $2.26 dividend. This represents a dividend yield of 11.3%. The ex-dividend date of this dividend was Monday, May 12th. CVR Partners's payout ratio is 126.79%.

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.