Short Interest in Icahn Enterprises L.P. (NASDAQ:IEP) Rises By 6.8%

Icahn Enterprises L.P. (NASDAQ:IEP) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 11,780,000 shares, a growth of 6.8% from the October 31st total of 11,030,000 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average trading volume of 1,250,000 shares, the days-to-cover ratio is presently 9.4 days.

Icahn Enterprises Stock Down 2.0 %

Shares of IEP stock opened at $10.82 on Thursday. The stock has a market cap of $5.45 billion, a P/E ratio of -9.92 and a beta of 0.75. Icahn Enterprises has a one year low of $9.72 and a one year high of $22.59. The stock has a fifty day moving average price of $13.01 and a 200 day moving average price of $14.68. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.61 and a quick ratio of 4.61.

Icahn Enterprises Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 18.49%. Icahn Enterprises’s dividend payout ratio is currently -183.48%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Icahn Enterprises in the first quarter valued at $296,000. Western Wealth Management LLC increased its stake in shares of Icahn Enterprises by 10.5% in the second quarter. Western Wealth Management LLC now owns 38,514 shares of the conglomerate’s stock valued at $635,000 after buying an additional 3,650 shares in the last quarter. Griffin Asset Management Inc. increased its position in Icahn Enterprises by 10.3% in the second quarter. Griffin Asset Management Inc. now owns 37,083 shares of the conglomerate’s stock worth $611,000 after purchasing an additional 3,473 shares during the period. PSI Advisors LLC increased its position in Icahn Enterprises by 3.4% in the second quarter. PSI Advisors LLC now owns 30,055 shares of the conglomerate’s stock worth $495,000 after purchasing an additional 990 shares during the period. Finally, Crew Capital Management Ltd. acquired a new stake in Icahn Enterprises in the second quarter worth about $628,000. 87.09% of the stock is currently owned by institutional investors and hedge funds.

Icahn Enterprises Company Profile

Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The Investment segment invests its proprietary capital through various private investment funds. This segment provides investment advisory and other related services.