North European Oil Royalty Trust (NYSE:NRT – Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 46,000 shares, a decrease of 19.6% from the July 15th total of 57,200 shares. Based on an average daily trading volume, of 58,200 shares, the short-interest ratio is currently 0.8 days. Approximately 0.5% of the company’s stock are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Comerica Bank boosted its stake in North European Oil Royalty Trust (NYSE:NRT – Free Report) by 141.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,304 shares of the energy company’s stock after buying an additional 2,518 shares during the quarter. Comerica Bank’s holdings in North European Oil Royalty Trust were worth $26,000 as of its most recent filing with the SEC. 6.97% of the stock is owned by institutional investors and hedge funds.
North European Oil Royalty Trust Stock Up 0.5 %
NYSE:NRT traded up $0.03 during midday trading on Friday, reaching $5.74. The stock had a trading volume of 34,084 shares, compared to its average volume of 68,976. North European Oil Royalty Trust has a 12-month low of $4.77 and a 12-month high of $12.85. The stock has a market cap of $52.75 million, a P/E ratio of 4.38 and a beta of 0.83. The firm has a fifty day simple moving average of $6.19 and a two-hundred day simple moving average of $6.29.
North European Oil Royalty Trust Increases Dividend
North European Oil Royalty Trust Company Profile
North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany. The company also has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.
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