Short Interest in MV Oil Trust (NYSE:MVO) Expands By 31.8%

MV Oil Trust (NYSE:MVO) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 804,812 shares, an increase of 31.8% from the December 15th total of 610,718 shares. Currently, 7.0% of the company’s shares are short sold. Based on an average daily volume of 183,452 shares, the short-interest ratio is presently 4.4 days. Based on an average daily volume of 183,452 shares, the short-interest ratio is presently 4.4 days. Currently, 7.0% of the company’s shares are short sold.

MV Oil Trust Trading Down 19.6%

Shares of MVO opened at $1.79 on Friday. The firm’s fifty day simple moving average is $1.63 and its two-hundred day simple moving average is $4.28. MV Oil Trust has a 12 month low of $0.97 and a 12 month high of $8.25. The stock has a market capitalization of $20.53 million, a P/E ratio of 1.72 and a beta of -0.13.

MV Oil Trust (NYSE:MVO) last posted its quarterly earnings data on Monday, November 10th. The oil and gas producer reported $0.19 earnings per share for the quarter. The business had revenue of $2.36 million during the quarter.

MV Oil Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 16th will be paid a $0.14 dividend. The ex-dividend date is Friday, January 16th. This represents a $0.56 annualized dividend and a dividend yield of 31.4%. MV Oil Trust’s payout ratio is currently 78.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MVO. Janney Montgomery Scott LLC acquired a new stake in MV Oil Trust in the second quarter worth $92,000. Allworth Financial LP bought a new position in shares of MV Oil Trust during the 2nd quarter worth about $55,000. Finally, Marshall Wace LLP bought a new position in shares of MV Oil Trust during the 2nd quarter worth about $88,000. 3.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MV Oil Trust in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

MV Oil Trust Company Profile

MV Oil Trust is an exchange-listed royalty trust that holds overriding royalty and net profits interests in oil and gas properties across the United States. As a non-operating entity, the trust does not engage in exploration or development; instead, it collects a share of production revenues after operating expenses are deducted.

The trust’s interests are primarily concentrated in onshore hydrocarbon fields in West Texas, providing unitholders with exposure to established production streams.