Could Crossamerica Partners LP (NYSE:CAPL) Go Up After Its Newest Short Interest Report?

September 17, 2017 - By Louis Casey

 Could Crossamerica Partners LP (NYSE:CAPL) Go Up After Its Newest Short Interest Report?

The stock of Crossamerica Partners LP (NYSE:CAPL) registered an increase of 4.83% in short interest. CAPL’s total short interest was 30,400 shares in September as published by FINRA. Its up 4.83% from 29,000 shares, reported previously. With 32,400 shares average volume, it will take short sellers 1 days to cover their CAPL’s short positions. The short interest to Crossamerica Partners LP’s float is 0.2%.

The stock decreased 0.11% or $0.03 on September 15, reaching $27.62. About 45,174 shares traded. Crossamerica Partners LP (NYSE:CAPL) has risen 2.84% since September 17, 2016 and is uptrending. It has underperformed by 13.86% the S&P500.

CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The company has market cap of $935.24 million. The Firm operates in two divisions: wholesale and retail. It currently has negative earnings. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC , CST Brands, Inc. and subsidiaries (CST) and firm operated retail sites.

Crossamerica Partners LP (NYSE:CAPL) Ratings Coverage

Among 12 analysts covering CrossAmerica Partners (NYSE:CAPL), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. CrossAmerica Partners had 22 analyst reports since August 10, 2015 according to SRatingsIntel. The company was maintained on Thursday, March 9 by RBC Capital Markets. The firm has “Buy” rating by Jefferies given on Tuesday, August 8. Janney Capital reinitiated the stock with “Buy” rating in Thursday, June 23 report. As per Monday, August 10, the company rating was downgraded by Oppenheimer. The firm has “Outperform” rating by Robert W. Baird given on Thursday, February 4. RBC Capital Markets maintained the stock with “Hold” rating in Monday, June 19 report. The stock of Crossamerica Partners LP (NYSE:CAPL) earned “Outperform” rating by Raymond James on Thursday, July 27. As per Monday, March 28, the company rating was downgraded by Stephens. The rating was maintained by Robert W. Baird with “Outperform” on Tuesday, August 23. The firm has “Market Perform” rating given on Monday, January 18 by Wells Fargo.

More notable recent Crossamerica Partners LP (NYSE:CAPL) news were published by: Nasdaq.com which released: “CrossAmerica Partners LP (CAPL) Ex-Dividend Date Scheduled for May 04, 2017” on May 03, 2017, also Seekingalpha.com with their article: “CrossAmerica Partners’ (CAPL) CEO Jeremy Bergeron on Q2 2017 Results …” published on August 08, 2017, Seekingalpha.com published: “CrossAmerica Partners’ (CAPL) on Q1 2017 Results – Earnings Call Transcript” on May 09, 2017. More interesting news about Crossamerica Partners LP (NYSE:CAPL) were released by: Nasdaq.com and their article: “CrossAmerica Partners LP: Announces Pending Acquisition of Assets of Jet Pep …” published on August 07, 2017 as well as Seekingalpha.com‘s news article titled: “Crossamerica Partners’ (CAPL) on Q4 2016 Results – Earnings Call Transcript” with publication date: February 28, 2017.

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