Short Interest in Mesa Royalty Trust (NYSE:MTR) Declines By 62.1%

Mesa Royalty Trust (NYSE:MTR) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 533 shares, a decline of 62.1% from the May 14th total of 1,405 shares. Based on an average daily volume of 5,532 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Mesa Royalty Trust Price Performance

Shares of Mesa Royalty Trust stock traded up $0.04 during trading on Friday, hitting $3.66. The company’s stock had a trading volume of 6,595 shares, compared to its average volume of 7,230. Mesa Royalty Trust has a 52 week low of $3.60 and a 52 week high of $10.42. The stock has a market cap of $6.82 million, a price-to-earnings ratio of 18.30 and a beta of 0.41. The stock has a 50-day moving average price of $4.32 and a two-hundred day moving average price of $4.60.

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

Mesa Royalty Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, May 29th will be given a dividend of $0.0403 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 13.2%. Mesa Royalty Trust’s dividend payout ratio is 145.00%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Mesa Royalty Trust in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Mesa Royalty Trust Company Profile

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).