OCI Partners LP (NYSE:OCIP) was the recipient of a significant increase in short interest during the month of December. As of December 29th, there was short interest totalling 5,198,927 shares, an increase of 216,702.6% from the December 15th total of 2,398 shares. Based on an average daily volume of 597,498 shares, the days-to-cover ratio is presently 8.7 days. Currently, 55.8% of the company’s stock are short sold.
In other OCI Partners news, Director Nassef Sawiris bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average price of $7.12 per share, for a total transaction of $35,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ocip Holding Llc bought 7,276,549 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The shares were acquired at an average price of $8.40 per share, with a total value of $61,123,011.60. Following the purchase, the director now owns 76,774,139 shares of the company’s stock, valued at $644,902,767.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 7,292,749 shares of company stock valued at $61,238,804.
A hedge fund recently bought a new stake in OCI Partners stock. Citadel Advisors LLC bought a new stake in OCI Partners LP (NYSE:OCIP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 33,569 shares of the basic materials company’s stock, valued at approximately $269,000. 15.04% of the stock is currently owned by institutional investors and hedge funds.
Shares of OCI Partners (OCIP) opened at $8.75 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 3.15. OCI Partners has a 52 week low of $6.76 and a 52 week high of $10.35. The firm has a market capitalization of $761.23, a P/E ratio of -145.83 and a beta of 1.29.
OCI Partners (NYSE:OCIP) last issued its quarterly earnings data on Monday, November 6th. The basic materials company reported ($0.01) earnings per share for the quarter. OCI Partners had a negative net margin of 1.79% and a negative return on equity of 3.70%.
Several equities research analysts recently weighed in on the company. BidaskClub upgraded OCI Partners from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 11th. Citigroup upgraded OCI Partners from a “sell” rating to a “neutral” rating in a research note on Friday, January 5th.
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OCI Partners Company Profile
OCI Partners LP owns and operates an integrated methanol and ammonia production facility that is located on the Texas Gulf Coast near Beaumont. The Company has an annual methanol production capacity of approximately 912,500 metric tons and an annual ammonia production capacity of approximately 331,000 metric tons.
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