PermRock Royalty Trust (NYSE:PRT) Short Interest Update

PermRock Royalty Trust (NYSE:PRT) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 18,900 shares, a decrease of 27.3% from the August 15th total of 26,000 shares. Based on an average daily trading volume, of 39,700 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

PermRock Royalty Trust Price Performance

Shares of PRT stock traded down $0.06 on Friday, hitting $3.94. The stock had a trading volume of 46,929 shares, compared to its average volume of 42,084. The business has a 50 day moving average of $3.99 and a 200 day moving average of $4.02. PermRock Royalty Trust has a 12-month low of $3.58 and a 12-month high of $6.99. The stock has a market cap of $47.93 million, a price-to-earnings ratio of 9.38 and a beta of 0.99.

PermRock Royalty Trust (NYSE:PRT) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.11 earnings per share (EPS) for the quarter. PermRock Royalty Trust had a net margin of 85.38% and a return on equity of 6.99%. The business had revenue of $1.67 million during the quarter.

PermRock Royalty Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 12.18%. The ex-dividend date is Friday, August 30th. PermRock Royalty Trust’s payout ratio is 114.29%.

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.