Crossamerica Partners LP (NYSE:CAPL) Sees Significant Increase in Short Interest

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Crossamerica Partners LP (NYSE:CAPL) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 80,200 shares, a growth 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 presently 0.6 days. Currently, 0.4% of the company’s shares are short sold.

Shares of CAPL stock traded up $0.07 on Wednesday, reaching $16.12. 500 shares of the company’s stock were exchanged, compared to its average volume of 147,209. Crossamerica Partners has a 52 week low of $13.00 and a 52 week high of $19.20. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.39 and a current ratio of 0.52. The firm has a market capitalization of $552.02 million, a P/E ratio of 145.55, a P/E/G ratio of 6.93 and a beta of 1.46.

A number of equities research analysts recently issued reports on the company. ValuEngine raised Crossamerica Partners from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. Raymond James set a $19.00 price target on Crossamerica Partners and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Zacks Investment Research lowered Crossamerica Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Crossamerica Partners has an average rating of “Hold” and an average target price of $20.00.

Hedge funds have recently modified their holdings of the stock. OLD Second National Bank of Aurora purchased a new stake in Crossamerica Partners in the first quarter worth $25,000. Acadian Asset Management LLC bought a new position in shares of Crossamerica Partners in the fourth quarter worth about $141,000. Essex Financial Services Inc. bought a new position in shares of Crossamerica Partners in the fourth quarter worth about $142,000. Tortoise Index Solutions LLC raised its stake in shares of Crossamerica Partners by 100.7% in the fourth quarter. Tortoise Index Solutions LLC now owns 10,294 shares of the oil and gas company’s stock worth $146,000 after buying an additional 5,164 shares during the period. Finally, Strategic Wealth Advisors Group LLC bought a new position in shares of Crossamerica Partners in the fourth quarter worth about $226,000. 32.00% of the stock is owned by hedge funds and other institutional investors.

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Crossamerica Partners Company Profile

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.

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