Capital Product Part (NASDAQ:CPLP) Short Interest Down by -7.87% – Currently Trading Up

Traders are feeling more bullish on shares of Capital Product Part recently as indicated by the change in short interest. The firm saw a fall in short interest between September 29, 2017 and October 13, 2017 of -7.87%. Short interest fell 34,912 over that period. The short-interest ratio decreased to 1.0 and the short interest percentage is 0.00% as of October 13.

The following firms have recently changed their position in CPLP. As of quarter end Citigroup Inc had acquired 200 shares growing its position 2.5%. The value of the investment in CPLP increased from $28,000 to $29,000 increasing 3.6% since the last quarter. Stifel Financial Corp trimmed its stake by selling 13,915 shares a decrease of 58.0%. Stifel Financial Corp claims 10,066 shares worth $35,000. The value of the position overall is down by 56.8%.

Malaga Cove Capital, LLC expanded its investment by buying 850 shares an increase of 5.3% from 06/30/2017 to 09/30/2017. Malaga Cove Capital, LLC now controls 16,950 shares with a value of $59,000. The total value of its holdings increased 7.3%. As of the end of the quarter Alliancebernstein L.P. had bought a total of 503 shares growing its stake by 1.9%. The value of the total investment in Capital Product Part went from $91,000 to $95,000 a change of $4,000 quarter over quarter.

The company is up by 1.87% percent from yesterday’s close. The company currently has a P/E ratio of 11.81 and the market value is 440.35M. In the last earnings report the EPS was $0.28 with 122.09M shares outstanding.

Capital Product Partners L.P., launched on January 16, 2007, is an international owner of tanker, container and drybulk vessels. The Business’s fleet consisted of 36 high specification vessels with an average age of approximately 7.4 years, as of December 31, 2016. As of December 31, 2016, its fleet consisted of four Suezmax crude oil tankers (0.6 million dead weight tons (dwt)), 21 medium range product tankers (0.9 million dwt), 10 post-panamax container carrier vessels (0.9 million dwt) and one Capesize bulk carrier (0.2 million dwt). The Business’s vessels are capable of carrying a range of cargoes, including crude oil, refined oil products, such as gasoline, diesel, fuel oil and jet fuel, edible oils and certain chemicals, such as ethanol, as well as dry cargo and containerized goods..