360° Coverage : Short Interest In CVR Energy Jumps 13.2%

2 Updates

Short Interest In CVR Energy Jumps 13.2%

Apr 10 2014, 3:28pm CDT | by

The most recent short interest data has been released by the NASDAQ for the 03/31/2014 settlement date, which shows a 280,835 share increase in total short interest for CVR Energy Inc (NYSE: CVI),...

Filed under: news

 
 
 

22 weeks ago

Short Interest In CVR Energy Jumps 13.2%

Apr 10 2014, 3:28pm CDT | by

The most recent short interest data has been released by the NASDAQ for the 03/31/2014 settlement date, which shows a 280,835 share increase in total short interest for CVR Energy Inc (NYSE: CVI), to 2,414,578, an increase of 13.16% since 03/14/2014. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the “days to cover” metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for CVI at the 03/31/2014 settlement decreased to 370,455, as compared to 558,108 at the 03/14/2014 report. That brought “days to cover” up to 6.52, a 70.48% increase from the 3.82 days to cover calculated at the previous short interest data release.

The below chart shows the historical “days to cover” for CVI at previous short interest release dates:

Start slideshow:
Top 25 S.A.F.E. Dividend Stocks »/>

An increased “days to cover” value could indicate that short sellers are using the stock to hedge a long bet elsewhere, or could also mean that short sellers believe the stock will decline in price. When short sellers eventually cover their positions, by definition there must be buying activity because a share that is currently sold short must be purchased to be covered. So investors tend to keep an eye on that “days to cover” metric, because a high value could predict a sharper price increase should the company put out some unexpectedly good news — short sellers might then rush to cover their positions, and if the “days to cover” number is high, it would then be more difficult to close those positions without sending the stock higher (until the higher price produces enough sellers to generate the necessary volume the short sellers need to close their positions).

The chart below shows the one year performance of CVI shares, versus its 200 day moving average. Looking at this chart, CVI’s low point in its 52 week range is $33.03 per share, with $72.32 as the 52 week high point — that compares with a last trade of $42.76.

According to the ETF Finder at ETFChannel.com, CVI makes up 1.25% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) which is lower by about 1.3% on the day Thursday.

See what other ETFs contain one »
In afternoon trading Thursday, CVI was down about 0.7% on the day./>

 
Update
2

2 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing th ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

2 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH370 and MH17" hits ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Indian family refuses to receive body of MERS victim
Riyadh, Sep 13 (IANS) The family of an Indian expatriate, who died of Middle East Respiratory Syndrome (MERS) corona virus in Saudi Arabia, has refused to receive his body in India, amid fears of contracting the deadly disease, a media report said Saturday.
 
 
Sleeping brain active even when you doze off
London, Sep 13 (IANS) Have you ever performed calculations or classified words before falling asleep and then experienced continuing those calculations during your snooze? Well, salute your wonder brain.
 
 
Favouritism in family linked to drug use
New York, Sep 13 (IANS) In families where love and support are generally scarce, even perceived favouritism may lead to use of alcohol, cigarettes or drugs by children, says a study.
 
 
NASA unravels mysteries of Venus atmosphere
Washington, Sep 13 (IANS) New research by NASA shows a glimpse of giant holes in the electrically charged layer of the Venusian atmosphere, called the ionosphere.
 
 
 

Latest from the Network

Indian family refuses to receive body of MERS victim
Riyadh, Sep 13 (IANS) The family of an Indian expatriate, who died of Middle East Respiratory Syndrome (MERS) corona virus in Saudi Arabia, has refused to receive his body in India, amid fears of contracting the deadly...
Read more on Politics Balla
 
Senior Somali anti-terror force officer shot dead
Mogadishu, Sep 13 (IANS) A top Somali security officer was shot dead in the country's capital Mogadishu Saturday by gunmen in a drive-by shooting, witnesses and police said. The officer, Mohamed Qanuni, was the deputy...
Read more on Politics Balla
 
Seven senior Brotherhood members asked to leave Qatar
Cairo, Sept. Sep 13 (IANS) Seven senior members of the Muslim Brotherhood, the group from which ousted Egyptian president Mohammed Morsi hails, have been asked to leave Qatar, media reported Saturday. "Some members of...
Read more on Politics Balla
 
Jamie Dornan: Fifty Shades 'isn't grotesque'
Jamie Dornan insists that 'Fifty Shades of Grey' won't be ''grotesque''. The handsome actor insists the latest film - which is based on the erotic trilogy by author, E.L. James - will not be too dirty for audiences to...
Read more on Movie Balla
 
Gold Apple Watch Reportedly Costing $1200
The gold Apple Watch might cost over a thousand dollar, as a new report claims that the price of the device would be $1200.The report has been published by Tech Crunch, stating about the potential price, citing unnamed...
Read more on Apple Balla
 
Pakistani DJ presented in court
Islamabad, Sep 13 (IANS) A man who played music during Pakistan Tehreek-i-Insaf's (PTI) rallies along with protesters were presented at a court in Islamabad Saturday. Asif Butt aka DJ Butt and nearly 300 PTI...
Read more on Politics Balla
 
Sleeping brain active even when you doze off
London, Sep 13 (IANS) Have you ever performed calculations or classified words before falling asleep and then experienced continuing those calculations during your snooze? Well, salute your wonder brain. According to...
Read more on Apple Balla
 
Favouritism in family linked to drug use
New York, Sep 13 (IANS) In families where love and support are generally scarce, even perceived favouritism may lead to use of alcohol, cigarettes or drugs by children, says a study. For families that are not very...
Read more on Apple Balla
 
NASA unravels mysteries of Venus atmosphere
Washington, Sep 13 (IANS) New research by NASA shows a glimpse of giant holes in the electrically charged layer of the Venusian atmosphere, called the ionosphere. These holes give additional clues to understanding...
Read more on Apple Balla
 
Chandhok fifth for Mahindra in inaugural Formula E race
Beijing, Sep 13 (IANS) Indian driver Karun Chandhok finished a respectable fifth in the Mahindra racing car to bring home 10 points from the Beijing ePrix, the first ever FIA Formula E Championship race, held at the...
Read more on Sport Balla