Crossamerica Partners LP (NYSE:CAPL) Short Interest Update

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Crossamerica Partners LP (NYSE:CAPL) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 84,800 shares, a growth of 5.7% from the May 15th total of 80,200 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 116,000 shares, the short-interest ratio is currently 0.7 days.

CAPL has been the topic of several analyst reports. Raymond James set a $31.00 target price on Mylan and gave the stock a “buy” rating in a report on Wednesday, May 8th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research raised FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 target price on the stock in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $20.00.

Large investors have recently modified their holdings of the stock. OLD Second National Bank of Aurora bought a new stake in Crossamerica Partners during the first quarter worth $25,000. Acadian Asset Management LLC bought a new stake in Crossamerica Partners during the fourth quarter worth $141,000. Tortoise Index Solutions LLC lifted its stake in Crossamerica Partners by 100.7% during the fourth quarter. Tortoise Index Solutions LLC now owns 10,294 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 5,164 shares during the last quarter. Strategic Wealth Advisors Group LLC bought a new position in shares of Crossamerica Partners in the 4th quarter valued at $226,000. Finally, Creative Planning lifted its stake in shares of Crossamerica Partners by 4.3% in the 1st quarter. Creative Planning now owns 14,360 shares of the oil and gas company’s stock valued at $262,000 after acquiring an additional 590 shares during the last quarter. 32.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:CAPL opened at $16.72 on Friday. The firm has a market capitalization of $575.90 million, a P/E ratio of 44.00, a P/E/G ratio of 7.27 and a beta of 1.38. Crossamerica Partners has a 1 year low of $13.00 and a 1 year high of $19.20. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 5.29. The business’s 50 day moving average is $16.00.

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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