Mesa Royalty Trust (NYSE:MTR) Short Interest Update

Mesa Royalty Trust (NYSE:MTR) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 15,800 shares, a growth of 25.4% from the January 31st total of 12,600 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 10,600 shares, the short-interest ratio is currently 1.5 days.

Mesa Royalty Trust Price Performance

NYSE MTR traded up $0.06 during trading on Friday, reaching $6.33. 106 shares of the company’s stock traded hands, compared to its average volume of 7,566. The firm has a market cap of $11.80 million, a price-to-earnings ratio of 13.47 and a beta of 0.60. Mesa Royalty Trust has a 12-month low of $5.60 and a 12-month high of $11.99. The company’s 50 day simple moving average is $6.45 and its two-hundred day simple moving average is $6.34.

Mesa Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, February 28th will be paid a $0.0005 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend is Friday, February 28th. Mesa Royalty Trust’s dividend payout ratio is presently 4.26%.

Institutional Trading of Mesa Royalty Trust

A hedge fund recently bought a new stake in Mesa Royalty Trust stock. Ashton Thomas Private Wealth LLC acquired a new stake in Mesa Royalty Trust (NYSE:MTR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 263,823 shares of the energy company’s stock, valued at approximately $1,568,000. Ashton Thomas Private Wealth LLC owned approximately 14.18% of Mesa Royalty Trust as of its most recent filing with the Securities & Exchange Commission. 12.73% of the stock is currently owned by institutional investors.

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.