Ferrellgas Partners, L.P. (OTCMKTS:FGPR) Sees Large Decrease in Short Interest

Key Points

• Short interest plunged 84.7% to 87 shares as of April 15, leaving the short-interest ratio at 0.0 days and 0.0% of shares sold short.
• The stock traded up to $27.20 (up $1.20), with a market capitalization of $2.64 billion, a negative P/E of -32.00, and a 52-week range of $8.23–$27.20.
• Ferrellgas Partners is a master limited partnership operating as the retail propane distribution arm of Ferrellgas, serving residential, commercial, industrial and agricultural customers.

Ferrellgas Partners, L.P. (OTCMKTS:FGPR - Get Free Report) saw a large decline in short interest in April. As of April 15th, there was short interest totaling 87 shares, a decline of 84.7% from the March 31st total of 567 shares. Based on an average daily volume of 7,188 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Ferrellgas Partners Stock Performance

OTCMKTS:FGPR traded up $1.20 on Friday, hitting $27.20. 2,093 shares of the stock were exchanged, compared to its average volume of 5,323. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of -32.00 and a beta of 2.99. Ferrellgas Partners has a 52 week low of $8.23 and a 52 week high of $27.20. The company's 50-day moving average price is $24.69 and its 200 day moving average price is $20.58.

Ferrellgas Partners Company Profile

Ferrellgas Partners, L.P. OTCMKTS: FGPR is a master limited partnership that operates as the retail propane distribution arm of Ferrellgas, Inc, one of the largest retail propane providers in the United States. Headquartered in Liberty, Missouri, the partnership was formed in 1997 to acquire and manage propane assets and inventory in support of Ferrellgas's nationwide network.

The company's primary business activities include the procurement, transportation and distribution of propane to residential, commercial, industrial and agricultural customers.

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