Short Interest in Ferrellgas Partners, L.P. (OTCMKTS:FGPR) Increases By 551.7%

Key Points

• Short interest jumped 551.7% to 567 shares as of March 31 (up from 87 on March 15), but still represents 0.0% of the company’s stock with a days-to-cover ratio of 0.1 days.
• Shares traded down 0.5% to $27.01 on light volume and sit near a 12‑month high of $27.20; the company has a market capitalization of $2.62 billion and a negative P/E of -31.78.

Ferrellgas Partners, L.P. (OTCMKTS:FGPR - Get Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 567 shares, an increase of 551.7% from the March 15th total of 87 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 9,216 shares, the days-to-cover ratio is currently 0.1 days.

Ferrellgas Partners Stock Down 0.5%

Shares of OTCMKTS FGPR traded down $0.13 on Friday, hitting $27.01. The company had a trading volume of 3,165 shares, compared to its average volume of 5,699. Ferrellgas Partners has a 12-month low of $8.00 and a 12-month high of $27.20. The firm has a market capitalization of $2.62 billion, a P/E ratio of -31.78 and a beta of 2.99. The business has a 50 day moving average of $23.30 and a two-hundred day moving average of $19.68.

About Ferrellgas Partners

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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