Important Short Interest Filing: Time to Reconsider Cnx Coal Resources LP (NYSE:CNXC) After Less Short Sellers?

November 30, 2016 - By Darrin Black   ·   0 Comments

Important Short Interest Filing: Time to Reconsider Cnx Coal Resources LP (NYSE:CNXC) After Less Short Sellers?

The stock of Cnx Coal Resources LP (NYSE:CNXC) registered a decrease of 3.83% in short interest. CNXC’s total short interest was 115,500 shares in November as published by FINRA. Its down 3.83% from 120,100 shares, reported previously. With 74,900 shares average volume, it will take short sellers 2 days to cover their CNXC’s short positions. The stock closed at $18.8 during the last session. It is down 90.86% since April 27, 2016 and is uptrending. It has outperformed by 85.64% the S&P500.

CNX Coal Resources LP is a producer of thermal coal in the Northern Appalachian Basin and the eastern United States. The company has a market cap of $427.57 million. The Firm is engaged in the management and development of the thermal coal activities of CONSOL Energy Inc. in Pennsylvania. It has a 23.97 P/E ratio. The Company’s assets include interests in CONSOL Energy’s Pennsylvania mining complex, which consists of approximately three underground mines and related infrastructure that produce bituminous thermal coal that is sold primarily to electric utilities in the eastern United States.

CNX Coal Resources LP (NYSE:CNXC) Ratings Coverage

Out of 11 analysts covering CNX Coal Resources LP (NYSE:CNXC), 9 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 82% are positive. CNX Coal Resources LP has been the topic of 23 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was initiated by Citigroup with “Buy” on Monday, July 27. Jefferies upgraded the shares of CNXC in a report on Thursday, November 10 to “Buy” rating. The stock of CNX Coal Resources LP (NYSE:CNXC) earned “Outperform” rating by Cowen & Co on Monday, July 27. The company was initiated on Monday, July 27 by Credit Suisse. Jefferies initiated CNX Coal Resources LP (NYSE:CNXC) on Monday, July 27 with “Hold” rating. The stock of CNX Coal Resources LP (NYSE:CNXC) earned “Buy” rating by Stifel Nicolaus on Tuesday, October 27. On Monday, July 27 the stock rating was initiated by Stifel Nicolaus with “Buy”. The rating was maintained by Jefferies on Wednesday, October 5 with “Hold”. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, January 20. The rating was downgraded by Bank of America to “Neutral” on Tuesday, November 24.

CNXC Company Profile

CNX Coal Resources LP, incorporated on March 16, 2015, is a producer of thermal coal in the Northern Appalachian Basin and the eastern United States. The Firm is engaged in the management and development of the thermal coal activities of CONSOL Energy Inc. (CONSOL Energy) in Pennsylvania. The Company’s assets include interests in CONSOL Energy’s Pennsylvania mining complex, which consists of approximately three underground mines and related infrastructure that produce bituminous thermal coal that is sold primarily to electric utilities in the eastern United States. The Pennsylvania mining complex includes the Bailey Mine, the Enlow Fork Mine and the Harvey Mine.

More notable recent CNX Coal Resources LP (NYSE:CNXC) news were published by: Prnewswire.com which released: “CNX Coal Resources LP Announces Results for the Third Quarter 2016” on October 31, 2016, also Prnewswire.com with their article: “CNX Coal Resources LP Announces Results for the First Quarter 2016” published on April 25, 2016, Fool.com published: “Why Teck Resources Limited, CNX Coal Resources LP, and SunCoke Energy Partners …” on November 09, 2016. More interesting news about CNX Coal Resources LP (NYSE:CNXC) were released by: Prnewswire.com and their article: “CNX Coal Resources LP Presentation Now Available for On-Demand Viewing” published on November 07, 2016 as well as Prnewswire.com‘s news article titled: “CNX Coal Resources LP to Webcast, Live, at VirtualInvestorConferences.com …” with publication date: October 27, 2016.

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By Darrin Black


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