Short Interest in Cross Timbers Royalty Trust (NYSE:CRT) Rises By 182.1%

Cross Timbers Royalty Trust (NYSE:CRT) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 15,800 shares, a growth of 182.1% from the July 15th total of 5,600 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 34,800 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

A number of hedge funds have recently made changes to their positions in CRT. Waddell & Associates LLC raised its holdings in Cross Timbers Royalty Trust by 10.3% during the 4th quarter. Waddell & Associates LLC now owns 14,370 shares of the oil and gas company’s stock worth $251,000 after purchasing an additional 1,344 shares during the last quarter. Significant Wealth Partners LLC bought a new stake in shares of Cross Timbers Royalty Trust in the 4th quarter valued at $866,000. Finally, Navellier & Associates Inc. bought a new stake in shares of Cross Timbers Royalty Trust in the 4th quarter valued at $362,000. 9.74% of the stock is currently owned by institutional investors and hedge funds.

Cross Timbers Royalty Trust Price Performance

Shares of CRT stock traded up $0.16 on Thursday, hitting $10.46. 20,898 shares of the company’s stock were exchanged, compared to its average volume of 36,066. Cross Timbers Royalty Trust has a 12 month low of $9.12 and a 12 month high of $22.85. The stock has a market cap of $62.76 million, a P/E ratio of 6.59 and a beta of 0.54. The company has a 50 day moving average of $10.70 and a 200 day moving average of $13.52.

Cross Timbers Royalty Trust (NYSE:CRT) last posted its quarterly earnings results on Tuesday, May 14th. The oil and gas company reported $0.25 earnings per share for the quarter. Cross Timbers Royalty Trust had a net margin of 91.50% and a return on equity of 347.77%. The company had revenue of $1.84 million for the quarter.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were paid a $0.0961 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 11.03%. Cross Timbers Royalty Trust’s payout ratio is currently 22.93%.

Cross Timbers Royalty Trust Company Profile

Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits working interest in four properties in Texas and three properties in Oklahoma.