Permianville Royalty Trust (NYSE:PVL) Short Interest Update

Permianville Royalty Trust (NYSE:PVL) was the recipient of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 35,800 shares, a decline of 19.7% from the May 15th total of 44,600 shares. Based on an average daily trading volume, of 75,200 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Permianville Royalty Trust stock. Pingora Partners LLC purchased a new stake in shares of Permianville Royalty Trust (NYSE:PVL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 910,208 shares of the company’s stock, valued at approximately $1,311,000. Permianville Royalty Trust accounts for approximately 1.2% of Pingora Partners LLC’s portfolio, making the stock its 16th biggest holding. Pingora Partners LLC owned about 2.76% of Permianville Royalty Trust as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 6.78% of the company’s stock.

Permianville Royalty Trust Stock Up 0.4 %

NYSE:PVL traded up $0.01 during trading hours on Friday, reaching $1.18. 72,072 shares of the stock were exchanged, compared to its average volume of 63,425. The stock has a market capitalization of $38.78 million, a P/E ratio of 3.92 and a beta of 0.84. The firm has a 50 day simple moving average of $1.42 and a 200-day simple moving average of $1.50. Permianville Royalty Trust has a 52 week low of $1.15 and a 52 week high of $3.16.

Permianville Royalty Trust (NYSE:PVL) last announced its quarterly earnings data on Friday, March 22nd. The company reported $0.16 earnings per share (EPS) for the quarter. Permianville Royalty Trust had a return on equity of 17.89% and a net margin of 22.92%. The firm had revenue of $5.69 million for the quarter.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust operates as a statutory trust. It is involved in the acquisition and holding of net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico.