Mesa Royalty Trust (NYSE:MTR) Short Interest Up 125.5% in June

Mesa Royalty Trust (NYSE:MTR) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,202 shares, a growth of 125.5% from the May 31st total of 533 shares. Based on an average trading volume of 12,448 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Mesa Royalty Trust Stock Performance

Mesa Royalty Trust stock traded down $0.04 during trading hours on Monday, hitting $3.15. The company had a trading volume of 9,786 shares, compared to its average volume of 16,006. The firm has a market cap of $5.87 million, a P/E ratio of 15.75 and a beta of 0.41. The company has a 50-day moving average price of $3.98 and a two-hundred day moving average price of $4.49. Mesa Royalty Trust has a 1 year low of $3.11 and a 1 year high of $5.98.

Mesa Royalty Trust (NYSE:MTR) last issued its earnings results on Monday, March 30th. The energy company reported $0.04 EPS for the quarter. Mesa Royalty Trust had a net margin of 65.19% and a return on equity of 11.24%. The business had revenue of $0.14 million for the quarter.

Mesa Royalty Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, May 29th will be paid a $0.0403 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) annualized dividend and a yield of 15.3%. Mesa Royalty Trust’s dividend payout ratio is 145.00%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Mesa Royalty Trust in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Mesa Royalty Trust Company Profile

Mesa Royalty Trust (NYSE: MTR) is a statutory trust that holds overriding royalty interests in oil and natural gas properties primarily located in the Permian Basin of Texas and New Mexico. Established in 1981 by Mesa Production Oil & Gas, Inc, the trust’s portfolio comprises interests in thousands of producing wells across key producing areas, including the Midland, Delaware and Central Basin platforms. These interests provide the trust with net revenue rights to a portion of the hydrocarbons produced from the underlying formations.

The trust’s core business activity is the collection and distribution of royalty income derived from the sale of crude oil, natural gas and natural gas liquids (NGLs).