Short Interest To Observe: Could Cvr Energy Incorporated (NYSE:CVI) Skyrocket? The Stock Had Too Little Sellers

November 30, 2016 - By Clifton Ray   ·   0 Comments

Short Interest To Observe: Could Cvr Energy Incorporated (NYSE:CVI) Skyrocket? The Stock Had Too Little Sellers

The stock of Cvr Energy Incorporated (NYSE:CVI) registered a decrease of 3.17% in short interest. CVI’s total short interest was 5.19 million shares in November as published by FINRA. Its down 3.17% from 5.36M shares, reported previously. With 672,100 shares average volume, it will take short sellers 8 days to cover their CVI’s short positions. The short interest to Cvr Energy Incorporated’s float is 33.17%. About 866,764 shares traded hands. CVR Energy, Inc. (NYSE:CVI) has declined 37.82% since April 27, 2016 and is downtrending. It has underperformed by 43.05% the S&P500.

CVR Energy, Inc. is a holding company. The company has a market cap of $1.40 billion. The Firm engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It currently has negative earnings. It operates under two business divisions: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).

Insitutional Activity: The institutional sentiment decreased to 0.81 in 2016 Q2. Its down 0.58, from 1.39 in 2016Q1. The ratio is negative, as 28 funds sold all CVR Energy, Inc. shares owned while 34 reduced positions. 26 funds bought stakes while 60 increased positions. They now own 85.98 million shares or 2.92% less from 88.57 million shares in 2016Q1.
Vantage Invest Prtnrs Lc reported 95,887 shares or 0.16% of all its holdings. Commonwealth State Bank Of, a Australia-based fund reported 44,500 shares. Teacher Retirement Sys Of Texas has 0% invested in the company for 2,410 shares. Comml Bank Of Montreal Can holds 0% of its portfolio in CVR Energy, Inc. (NYSE:CVI) for 987 shares. Verition Fund Mgmt Lc, a Connecticut-based fund reported 15,427 shares. Princeton Alpha Mngmt Limited Partnership has 10,519 shares for 0.03% of their US portfolio. Putnam Ltd Liability Corp holds 0% or 67,826 shares in its portfolio. Css Ltd Liability Company Il last reported 11,797 shares in the company. Tower Research Cap Ltd (Trc) holds 5,553 shares or 0.01% of its portfolio. Wfg Limited Partnership has 263 shares for 0% of their US portfolio. Elkhorn Partners Partnership has 0.16% invested in the company for 16,000 shares. Cornercap Inv Counsel accumulated 32,550 shares or 0.1% of the stock. Allianz Asset Mngmt Ag reported 89,631 shares or 0% of all its holdings. Great West Life Assurance Can has 2,318 shares for 0% of their US portfolio. Metropolitan Life New York holds 0% or 13,125 shares in its portfolio.

CVR Energy, Inc. (NYSE:CVI) Ratings Coverage

Out of 2 analysts covering CVR Energy (NYSE:CVI), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. CVR Energy has been the topic of 5 analyst reports since January 26, 2016 according to StockzIntelligence Inc. Piper Jaffray upgraded the stock to “Neutral” rating in Monday, October 10 report. The rating was maintained by Piper Jaffray on Monday, August 22 with “Underweight”. The firm has “Neutral” rating by Goldman Sachs given on Friday, September 9. On Friday, September 16 the stock rating was maintained by Piper Jaffray with “Underweight”.

CVI Company Profile

CVR Energy, Inc. (CVR Energy), incorporated on September 25, 2006, is a holding company. The Firm engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business divisions: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership). The Company’s Refining Partnership is an independent petroleum refiner and marketer of transportation fuels. The Company’s Nitrogen Fertilizer Partnership produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. The petroleum business consists of a coking medium-sour crude oil refinery in Coffeyville, Kansas and a crude oil refinery in Wynnewood, Oklahoma. The nitrogen fertilizer business consists of UAN and ammonia products.

More notable recent CVR Energy, Inc. (NYSE:CVI) news were published by: Fool.com which released: “How Safe Is CVR Energy, Inc. Stock?” on April 06, 2016, also Forbes.com with their article: “CVR Energy Becomes Oversold” published on July 27, 2016, Fool.com published: “The Biggest Problem With CVR Energy, Inc. Stock” on March 22, 2016. More interesting news about CVR Energy, Inc. (NYSE:CVI) were released by: Nasdaq.com and their article: “CVR Energy Inc. (CVI) Ex-Dividend Date Scheduled for November 03, 2016” published on November 02, 2016 as well as Bloomberg.com‘s news article titled: “Delek Surges on Report CVR Energy Prepares Refiner Takeover” with publication date: August 12, 2016.

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By Clifton Ray


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