Short Interest in Crossamerica Partners LP (NYSE:CAPL) Increases By 100.5%

Crossamerica Partners LP (NYSE:CAPL) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 80,200 shares, an increase of 100.5% from the April 30th total of 40,000 shares. Based on an average trading volume of 126,200 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s shares are short sold.

A number of institutional investors and hedge funds have recently bought and sold shares of CAPL. OLD Second National Bank of Aurora acquired a new stake in Crossamerica Partners during the 1st quarter worth about $25,000. Acadian Asset Management LLC acquired a new stake in shares of Crossamerica Partners during the 4th quarter valued at about $141,000. Essex Financial Services Inc. acquired a new stake in shares of Crossamerica Partners during the 4th quarter valued at about $142,000. Tortoise Index Solutions LLC lifted its holdings in shares of Crossamerica Partners by 100.7% during the 4th quarter. Tortoise Index Solutions LLC now owns 10,294 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 5,164 shares during the last quarter. Finally, Strategic Wealth Advisors Group LLC acquired a new stake in shares of Crossamerica Partners during the 4th quarter valued at about $226,000. 32.00% of the stock is owned by hedge funds and other institutional investors.

CAPL traded up $0.03 on Monday, reaching $16.05. 1,200 shares of the company’s stock were exchanged, compared to its average volume of 146,443. The company’s 50 day simple moving average is $16.17. The company has a market capitalization of $551.73 million, a P/E ratio of 145.91, a price-to-earnings-growth ratio of 6.96 and a beta of 1.46. Crossamerica Partners has a twelve month low of $13.00 and a twelve month high of $19.20. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 5.29.

Several research analysts have recently weighed in on the stock. Raymond James set a $19.00 price objective on shares of Crossamerica Partners and gave the stock a “buy” rating in a report on Wednesday, May 8th. Zacks Investment Research lowered shares of Crossamerica Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, ValuEngine upgraded shares of Crossamerica Partners from a “sell” rating to a “hold” rating in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.00.

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About Crossamerica Partners

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, and company operated retail sites.

Further Reading: Diversification

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