Short Interest in OCI Partners LP (OCIP) Drops By 99.9%

OCI Partners LP (NYSE:OCIP) was the recipient of a large decline in short interest in the month of January. As of January 12th, there was short interest totalling 2,965 shares, a decline of 99.9% from the December 29th total of 5,198,927 shares. Based on an average daily trading volume, of 24,489 shares, the short-interest ratio is currently 0.1 days.

Shares of OCI Partners (NYSE:OCIP) opened at $9.00 on Friday. The company has a debt-to-equity ratio of 3.15, a current ratio of 0.78 and a quick ratio of 0.60. The stock has a market cap of $782.98, a PE ratio of -150.00 and a beta of 1.29. OCI Partners has a fifty-two week low of $6.76 and a fifty-two week high of $10.35.

OCI Partners (NYSE:OCIP) last issued its quarterly earnings results on Monday, November 6th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter. OCI Partners had a negative return on equity of 3.70% and a negative net margin of 1.79%.

In related news, Director Nassef Sawiris acquired 5,000 shares of OCI Partners stock in a transaction that occurred on Wednesday, November 22nd. The shares were purchased at an average cost of $7.12 per share, for a total transaction of $35,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ocip Holding Llc acquired 7,276,549 shares of OCI Partners stock in a transaction that occurred on Tuesday, December 26th. The stock was bought at an average price of $8.40 per share, for a total transaction of $61,123,011.60. Following the completion of the acquisition, the director now owns 76,774,139 shares in the company, valued at approximately $644,902,767.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 7,292,749 shares of company stock worth $61,238,804.

A hedge fund recently raised its stake in OCI Partners stock. Cowen Inc. grew its holdings in shares of OCI Partners LP (NYSE:OCIP) by 27.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 265,105 shares of the basic materials company’s stock after purchasing an additional 56,685 shares during the period. Cowen Inc. owned about 0.30% of OCI Partners worth $2,121,000 as of its most recent SEC filing. 15.04% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on OCIP shares. BidaskClub upgraded shares of OCI Partners from a “strong sell” rating to a “sell” rating in a report on Saturday, November 11th. Citigroup upgraded shares of OCI Partners from a “sell” rating to a “neutral” rating in a report on Friday, January 5th.

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About OCI Partners

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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