Short Interest in Capital Product Partners L.P. Declines By 33.1% (CPLP)
Shares of Capital Product Partners L.P. (NASDAQ:CPLP) were the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 604,699 shares, a decrease of 33.1% from the June 13th total of 903,314 shares, American Banking & Market News reports. Based on an average daily volume of 318,147 shares, the short-interest ratio is presently 1.9 days. Approximately 0.9% of the company’s shares are sold short.
Separately, 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Capital Product Partners L.P. currently has an average rating of “Buy” and an average price target of $12.33.
Capital Product Partners L.P. (NASDAQ:CPLP) opened at 11.17 on Tuesday. Capital Product Partners L.P. has a one year low of $8.12 and a one year high of $11.63. The stock’s 50-day moving average is $11.01 and its 200-day moving average is $10.70. The company has a market cap of $987.9 million and a P/E ratio of 13.46.
Capital Product Partners L.P. (NASDAQ:CPLP) last announced its 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. On average, analysts predict that Capital Product Partners L.P. will post $0.39 earnings per share for the current fiscal year.
Capital Product Partners L.P. (NASDAQ:CPLP) is an international tanker company.
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