CVR Partners LP (NYSE:UAN) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 481,636 shares, a decline of 36.0% from the October 31st total of 752,256 shares. Based on an average daily volume of 229,958 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.7% of the shares of the stock are short sold.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cowen Inc. acquired a new position in shares of CVR Partners in the second quarter worth $565,000. Intrinsic Edge Capital Management LLC acquired a new position in CVR Partners in the second quarter valued at $495,000. HITE Hedge Asset Management LLC increased its stake in CVR Partners by 165.7% in the second quarter. HITE Hedge Asset Management LLC now owns 2,256,692 shares of the basic materials company’s stock valued at $7,447,000 after purchasing an additional 1,407,448 shares during the last quarter. UBS Group AG increased its stake in CVR Partners by 39.1% in the first quarter. UBS Group AG now owns 86,110 shares of the basic materials company’s stock valued at $279,000 after purchasing an additional 24,191 shares during the last quarter. Finally, ING Groep NV acquired a new position in CVR Partners in the third quarter valued at $597,000. 34.52% of the stock is owned by institutional investors.

Separately, Zacks Investment Research downgraded CVR Partners from a “buy” rating to a “hold” rating in a research report on Monday, October 1st.

NYSE UAN opened at $3.49 on Thursday. CVR Partners has a fifty-two week low of $2.70 and a fifty-two week high of $4.35. The firm has a market capitalization of $421.41 million, a PE ratio of -5.45 and a beta of 1.10. The company has a quick ratio of 1.01, a current ratio of 1.67 and a debt-to-equity ratio of 1.25.

CVR Partners (NYSE:UAN) last released its quarterly earnings results on Wednesday, October 24th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.02). CVR Partners had a negative return on equity of 14.51% and a negative net margin of 22.96%. The company had revenue of $79.91 million during the quarter. As a group, research analysts predict that CVR Partners will post -0.51 earnings per share for the current fiscal year.

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CVR Partners Company Profile

CVR Partners, LP produces, distributes, and markets nitrogen fertilizer products in the United States. It offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors. CVR GP, LLC serves as the general partner of the company.

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