CVR Energy Inc. (NYSE:CVI) Short Interest Down 17.4% in January

CVR Energy Inc. (NYSE:CVI) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 5,274,391 shares, a decrease of 17.4% from the January 15th total of 6,385,082 shares. Currently, 5.2% of the shares of the company are sold short. Based on an average daily volume of 1,327,427 shares, the short-interest ratio is currently 4.0 days. Based on an average daily volume of 1,327,427 shares, the short-interest ratio is currently 4.0 days. Currently, 5.2% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wall Street Zen raised CVR Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of CVR Energy in a research note on Monday, December 29th. Finally, The Goldman Sachs Group upped their price objective on shares of CVR Energy from $19.00 to $25.00 and gave the company a “sell” rating in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Sell” and a consensus price target of $29.25.

CVR Energy Price Performance

Shares of CVI stock traded down $0.11 during mid-day trading on Wednesday, hitting $22.42. 590,329 shares of the stock were exchanged, compared to its average volume of 1,271,426. CVR Energy has a 52-week low of $15.10 and a 52-week high of $41.67. The company has a quick ratio of 1.28, a current ratio of 1.96 and a debt-to-equity ratio of 1.76. The company has a market cap of $2.25 billion, a PE ratio of 13.65 and a beta of 1.16. The firm has a fifty day moving average of $25.00 and a 200 day moving average of $30.41.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CVI. Quarry LP acquired a new position in CVR Energy during the third quarter worth $50,000. Aster Capital Management DIFC Ltd acquired a new position in shares of CVR Energy during the 4th quarter worth about $40,000. Exchange Traded Concepts LLC purchased a new position in CVR Energy in the 4th quarter valued at about $47,000. Horizon Investments LLC acquired a new stake in CVR Energy in the 4th quarter worth about $47,000. Finally, Raymond James Financial Inc. acquired a new stake in CVR Energy in the 2nd quarter worth about $53,000. Hedge funds and other institutional investors own 98.88% of the company’s stock.

CVR Energy Company Profile

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.