Capital Product Partners L.P. (NASDAQ:CPLP) Short Interest Update

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Capital Product Partners L.P. (NASDAQ:CPLP) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 110,400 shares, an increase of 38.5% from the April 30th total of 79,700 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 147,400 shares, the days-to-cover ratio is currently 0.7 days.

Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new stake in shares of Capital Product Partners in the fourth quarter worth $32,000. Madrona Financial Services LLC acquired a new position in Capital Product Partners in the fourth quarter valued at $35,000. Two Sigma Securities LLC acquired a new position in Capital Product Partners in the fourth quarter valued at $40,000. Mraz Amerine & Associates Inc. lifted its holdings in Capital Product Partners by 109.8% in the first quarter. Mraz Amerine & Associates Inc. now owns 23,118 shares of the shipping company’s stock valued at $53,000 after buying an additional 12,100 shares during the period. Finally, Wiley BROS. Aintree Capital LLC acquired a new position in Capital Product Partners in the fourth quarter valued at $75,000. 28.84% of the stock is currently owned by institutional investors.

Shares of Capital Product Partners stock opened at $10.52 on Thursday. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.62. Capital Product Partners has a twelve month low of $9.68 and a twelve month high of $22.57. The firm has a market capitalization of $194.94 million, a P/E ratio of 10.73 and a beta of 0.99.

Capital Product Partners (NASDAQ:CPLP) last issued its quarterly earnings data on Monday, May 13th. The shipping company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.41). Capital Product Partners had a positive return on equity of 4.19% and a negative net margin of 59.95%. The business had revenue of $26.28 million during the quarter, compared to the consensus estimate of $57.93 million. As a group, sell-side analysts predict that Capital Product Partners will post 1.13 earnings per share for the current fiscal year.

CPLP has been the topic of a number of research reports. BidaskClub cut shares of Capital Product Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 12th. ValuEngine cut shares of Capital Product Partners from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 1st. Zacks Investment Research cut shares of Capital Product Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Wells Fargo & Co reissued a “hold” rating on shares of Capital Product Partners in a research note on Tuesday, May 21st. Finally, B. Riley reissued a “buy” rating and issued a $14.00 price objective (up previously from $12.25) on shares of Capital Product Partners in a research note on Thursday, April 4th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $17.88.

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About Capital Product Partners

Capital Product Partners LP operates as an international shipping company. It engages in the seaborne transportation of cargo, including crude oil, refined oil products and chemicals. The company fleet consists of vessels, suezmax crude oil tankers, medium range tankers, and capesize bulk carrier. Capital Product Partners was founded on January 16, 2007 and is headquartered in Piraeus, Greece.

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