BP Prudhoe Bay Royalty Trust (NYSE:BPT) Short Interest Update

BP Prudhoe Bay Royalty Trust (NYSE:BPT) saw a large drop in short interest in June. As of June 15th, there was short interest totalling 1,490,000 shares, a drop of 8.6% from the May 31st total of 1,630,000 shares. Based on an average daily trading volume, of 167,600 shares, the days-to-cover ratio is currently 8.9 days. Approximately 7.0% of the company’s shares are sold short.

Institutional Trading of BP Prudhoe Bay Royalty Trust

Large investors have recently bought and sold shares of the stock. Welch Group LLC grew its position in BP Prudhoe Bay Royalty Trust by 27.2% during the 4th quarter. Welch Group LLC now owns 21,059 shares of the oil and gas company’s stock worth $52,000 after purchasing an additional 4,500 shares during the last quarter. Fidelity D & D Bancorp Inc. purchased a new stake in shares of BP Prudhoe Bay Royalty Trust in the 3rd quarter valued at $150,000. Narwhal Capital Management boosted its holdings in shares of BP Prudhoe Bay Royalty Trust by 49.8% in the 4th quarter. Narwhal Capital Management now owns 29,284 shares of the oil and gas company’s stock valued at $72,000 after acquiring an additional 9,737 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of BP Prudhoe Bay Royalty Trust by 129.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 90,620 shares of the oil and gas company’s stock valued at $220,000 after acquiring an additional 51,087 shares during the last quarter. Finally, StoneX Group Inc. purchased a new stake in shares of BP Prudhoe Bay Royalty Trust in the 1st quarter valued at $92,000. Hedge funds and other institutional investors own 5.66% of the company’s stock.

BP Prudhoe Bay Royalty Trust Trading Up 1.3 %

Shares of NYSE BPT traded up $0.03 during trading hours on Wednesday, hitting $2.39. 63,675 shares of the stock were exchanged, compared to its average volume of 155,327. The firm has a fifty day moving average price of $2.34 and a 200-day moving average price of $2.49. BP Prudhoe Bay Royalty Trust has a 12 month low of $2.00 and a 12 month high of $8.17.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of BP Prudhoe Bay Royalty Trust from a “hold” rating to a “sell” rating in a report on Monday, March 18th.

About BP Prudhoe Bay Royalty Trust

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. It is involved in holding overriding royalty interest in the Prudhoe Bay oil field located on the North Slope of Alaska. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains approximately 150,000 gross productive acres.