PermRock Royalty Trust (NYSE:PRT) Short Interest Down 27.9% in January

Posted by Donna Armstrong on Jan 31st, 2025

PermRock Royalty Trust (NYSE:PRT – Get Free Report) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 16,000 shares, a decrease of 27.9% from the December 31st total of 22,200 shares. Based on an average daily volume of 56,600 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

PermRock Royalty Trust Stock Performance

Shares of PermRock Royalty Trust stock opened at $4.36 on Friday. The business’s 50 day moving average price is $3.84 and its 200 day moving average price is $3.93. The company has a market cap of $53.06 million, a price-to-earnings ratio of 10.38 and a beta of 1.04. PermRock Royalty Trust has a one year low of $3.26 and a one year high of $4.73.

PermRock Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.0403 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.48 annualized dividend and a dividend yield of 11.09%. PermRock Royalty Trust’s payout ratio is 114.29%.

Institutional Investors Weigh In On PermRock Royalty Trust

An institutional investor recently bought a new position in PermRock Royalty Trust stock. CWA Asset Management Group LLC purchased a new position in shares of PermRock Royalty Trust (NYSE:PRT – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,665 shares of the company’s stock, valued at approximately $58,000. CWA Asset Management Group LLC owned 0.12% of PermRock Royalty Trust at the end of the most recent quarter. Hedge funds and other institutional investors own 41.67% of the company’s stock.

PermRock Royalty Trust Company Profile

(Get Free Report)

PermRock Royalty Trust operates as a statutory trust. It owns interests in the oil and natural gas producing properties. The company's underlying properties include 22,394 net acres in the Permian Basin. The company was founded in 2017 and is based in Dallas, Texas.