Mesa Royalty Trust (NYSE:MTR) Sees Significant Growth in Short Interest

Mesa Royalty Trust (NYSE:MTR) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 12,000 shares, an increase of 2,900.0% from the November 15th total of 400 shares. Based on an average trading volume of 11,800 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.7% of the company’s stock are sold short.

Mesa Royalty Trust Trading Down 2.2 %

MTR traded down $0.15 during trading on Friday, hitting $6.63. The stock had a trading volume of 7,115 shares, compared to its average volume of 11,405. The firm has a market cap of $12.33 million, a PE ratio of 14.15 and a beta of 0.61. Mesa Royalty Trust has a 12 month low of $5.60 and a 12 month high of $14.65. The company has a 50 day simple moving average of $6.39 and a 200-day simple moving average of $7.13.

Mesa Royalty Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, November 29th will be given a dividend of $0.0057 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.07 dividend on an annualized basis and a yield of 1.03%. This is a positive change from Mesa Royalty Trust’s previous monthly dividend of $0.00. Mesa Royalty Trust’s payout ratio is 6.38%.

Mesa Royalty Trust Company Profile

Mesa Royalty Trust owns overriding royalty interests in various oil and gas producing properties in the United States. It holds interests in properties located in the Hugoton field of Kansas; and the San Juan Basin field of Northwestern New Mexico and Southwestern Colorado. The company was founded in 1979 and is based in Houston, Texas.