Mesa Royalty Trust (NYSE:MTR) Short Interest Down 58.4% in May

Mesa Royalty Trust (NYSE:MTR) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,405 shares, a drop of 58.4% from the April 30th total of 3,381 shares. Based on an average daily trading volume, of 7,932 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Mesa Royalty Trust in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Mesa Royalty Trust Trading Down 0.0%

Shares of NYSE MTR traded down $0.00 during mid-day trading on Monday, hitting $3.79. The company had a trading volume of 17,619 shares, compared to its average volume of 6,514. The company has a market capitalization of $7.05 million, a price-to-earnings ratio of 18.95 and a beta of 0.41. Mesa Royalty Trust has a 1 year low of $3.63 and a 1 year high of $10.42. The stock’s 50-day moving average price is $4.56 and its 200-day moving average price is $4.65.

Mesa Royalty Trust (NYSE:MTR) last announced its quarterly earnings results on Monday, March 30th. The energy company reported $0.04 earnings per share for the quarter. The company had revenue of $0.14 million during the quarter. Mesa Royalty Trust had a return on equity of 11.24% and a net margin of 65.19%.

Mesa Royalty Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, May 29th will be given a dividend of $0.0403 per share. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date is Friday, May 29th. Mesa Royalty Trust’s payout ratio is presently 145.00%.

About Mesa Royalty Trust

Mesa Royalty Trust (NYSE: MTR) is a statutory trust that holds overriding royalty interests in oil and natural gas properties primarily located in the Permian Basin of Texas and New Mexico. Established in 1981 by Mesa Production Oil & Gas, Inc, the trust’s portfolio comprises interests in thousands of producing wells across key producing areas, including the Midland, Delaware and Central Basin platforms. These interests provide the trust with net revenue rights to a portion of the hydrocarbons produced from the underlying formations.

The trust’s core business activity is the collection and distribution of royalty income derived from the sale of crude oil, natural gas and natural gas liquids (NGLs).