Capital Product Partners L.P. Short Interest Up 36.0% in April (CPLP)
Capital Product Partners L.P. (NASDAQ:CPLP) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 808,363 shares, a growth of 36.0% from the April 15th total of 594,585 shares, Analyst Ratings News reports. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 214,552 shares, the days-to-cover ratio is currently 3.8 days.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Capital Product Partners L.P. from $11.00 to $13.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Capital Product Partners L.P. from $11.50 to $12.00 in a research note on Friday, April 11th. They now have an “overweight” rating on the stock. Finally, analysts at TheStreet upgraded shares of Capital Product Partners L.P. from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Capital Product Partners L.P. has a consensus rating of “Buy” and a consensus target price of $12.33.
Capital Product Partners L.P. (NASDAQ:CPLP) opened at 10.75 on Monday. Capital Product Partners L.P. has a 52-week low of $8.12 and a 52-week high of $11.30. The stock has a 50-day moving average of $10.81 and a 200-day moving average of $10.16. The company has a market cap of $950.7 million and a price-to-earnings ratio of 13.10.
Capital Product Partners L.P. (NASDAQ:CPLP) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.09 by $0.01. Analysts expect that Capital Product Partners L.P. will post $0.48 EPS for the current fiscal year.
Capital Product Partners L.P. (NASDAQ:CPLP) is an international tanker company.
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