Mesa Royalty Trust (NYSE:MTR) Short Interest Update

Mesa Royalty Trust (NYSE:MTR) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 10,440 shares, a growth of 57.9% from the February 26th total of 6,613 shares. Based on an average daily volume of 48,986 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.6% of the company’s shares are sold short.

Mesa Royalty Trust Trading Down 1.1%

NYSE:MTR traded down $0.06 during trading hours on Friday, hitting $5.09. 10,657 shares of the company were exchanged, compared to its average volume of 34,042. The stock has a market capitalization of $9.46 million, a price-to-earnings ratio of 22.11 and a beta of 0.48. Mesa Royalty Trust has a one year low of $4.03 and a one year high of $10.42. The company has a fifty day simple moving average of $4.96 and a 200 day simple moving average of $4.85.

Mesa Royalty Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be paid a $0.0015 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, March 31st.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mesa Royalty Trust in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Mesa Royalty Trust 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).