PermRock Royalty Trust (NYSE:PRT – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 13,800 shares, a drop of 60.6% from the October 15th total of 35,000 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 46,200 shares, the short-interest ratio is presently 0.3 days.
PermRock Royalty Trust Stock Down 0.3 %
PRT traded down $0.01 during trading on Wednesday, reaching $3.89. 20,485 shares of the stock traded hands, compared to its average volume of 42,813. PermRock Royalty Trust has a 12 month low of $3.58 and a 12 month high of $5.50. The stock has a market capitalization of $47.45 million, a PE ratio of 9.07 and a beta of 1.00. The stock’s 50-day moving average is $3.94 and its 200 day moving average is $3.93.
PermRock Royalty Trust Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.0302 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 9.32%. This is an increase from PermRock Royalty Trust’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Thursday, October 31st. PermRock Royalty Trust’s dividend payout ratio (DPR) is presently 83.72%.
Institutional Trading of PermRock Royalty Trust
PermRock Royalty Trust Company Profile
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.
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