Company shares last traded at $3.56 a tad above $3.27, the stock’s 50 day moving average and which is just a bit below the 200 day moving average of $3.67. The 50 day moving average was up $0.29 or +8.85% and the 200 day average moved down $-0.11. CVR Partners, LP Common Units r shares had a trading volume of 293K on Tuesday. Trading volume was up 15.76% over the stocks average daily volume.
Traders are a little more bullish on CVR Partners, LP Common Units r looking at the motion in short interest. The stock recorded a fall in short interest of -4.79% as of the latest report on October 13, 2017. Short interest fell from 753,247 to 717,167 over that timeframe. The days to cover increased to 4.0 and the short interest percentage is 0.01% as of October 13.
Here are a few substantial investment firms who have updated their positions. Cutler Group LP divested its position by shedding 800 shares a decrease of 88.9% in the quarter. Cutler Group LP claims 100 shares with a value of $0. The value of the position overall is down by nan%. Raymond James Financial Services Advisors, Inc. cut its holdings by selling 3,080 shares a decrease of 23.3%. Raymond James Financial Services Advisors, Inc. now controls 10,142 shares worth $33,000. The total value of its holdings decreased 28.3%.
As of quarter end Hudock Capital Group, LLC had bought a total of 200 shares growing its stake by 23.5%. The value of the investment in UAN went from $2,000 to $3,000 a change of 50.0% quarter to quarter. As of the end of the quarter Simplex Trading, LLC had acquired 41,781 shares growing its holdings by 619.0%. The value of the investment in CVR Partners, LP Common Units r increased from $23,000 to $156,000 increasing 578.3% quarter over quarter.
In the last earnings report the EPS was $-0.37 and is projected to be $-0.30 for the current year with 113,282,000 shares outstanding. Next quarter’s EPS is expected be $-0.07 with next year’s EPS anticipated to be $-0.12.
CVR Partners, LP, launched on June 12, 2007, is a limited partnership formed by CVR Energy, Inc. (CVR Energy) to own, operate and grow its nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products, which are used by farmers to manage the yield and quality of their crops. As of December 31, 2016, the Company produced its nitrogen fertilizer products at two manufacturing facilities, located in Coffeyville, Kansas and East Dubuque, Illinois. As of December 31, 2016, the Business’s Coffeyville Facility included a 1,300 ton-per-day capacity ammonia unit, a 3,000 ton-per-day capacity urea-ammonium nitrate (UAN) unit, and a gasifier complex having a capacity of 89 million standard cubic feet per day of hydrogen. The gasifier is a dual-train facility, with each gasifier able to function independently of the other. The Coffeyville Facility utilizes a petroleum coke, or pet coke, gasification process to produce nitrogen fertilizer..