Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 20,300 shares, a growth of 99.0% from the February 13th total of 10,200 shares. Based on an average daily volume of 29,000 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are sold short.
Hedge Funds Weigh In On Cross Timbers Royalty Trust
Institutional investors have recently added to or reduced their stakes in the stock. Miracle Mile Advisors LLC acquired a new position in Cross Timbers Royalty Trust in the 4th quarter valued at about $148,000. Citadel Advisors LLC acquired a new position in Cross Timbers Royalty Trust in the 4th quarter valued at about $132,000. Finally, Beacon Pointe Advisors LLC acquired a new position in Cross Timbers Royalty Trust in the 4th quarter valued at about $618,000. Institutional investors and hedge funds own 9.74% of the company’s stock.
Cross Timbers Royalty Trust Price Performance
Shares of CRT traded up $0.18 during midday trading on Friday, reaching $10.93. 23,885 shares of the stock were exchanged, compared to its average volume of 34,347. The business’s 50-day moving average price is $10.61 and its 200 day moving average price is $10.32. Cross Timbers Royalty Trust has a twelve month low of $8.88 and a twelve month high of $17.30. The company has a market capitalization of $65.55 million, a price-to-earnings ratio of 9.75 and a beta of 0.52.
Cross Timbers Royalty Trust Cuts Dividend
About Cross Timbers Royalty Trust
Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits working interest in four properties in Texas and three properties in Oklahoma.
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