Cross Timbers Royalty Trust (NYSE:CRT) Sees Large Growth in Short Interest

Cross Timbers Royalty Trust (NYSE:CRT) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 23,700 shares, an increase of 71.7% from the August 15th total of 13,800 shares. Based on an average daily trading volume, of 36,700 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s shares are sold short.

Cross Timbers Royalty Trust Price Performance

CRT traded up $0.06 during midday trading on Friday, reaching $9.25. 31,271 shares of the company’s stock traded hands, compared to its average volume of 35,597. The firm has a fifty day moving average of $9.93 and a two-hundred day moving average of $12.43. The stock has a market capitalization of $55.50 million, a price-to-earnings ratio of 5.90 and a beta of 0.51. Cross Timbers Royalty Trust has a 52 week low of $8.88 and a 52 week high of $22.85.

Cross Timbers Royalty Trust (NYSE:CRT) last released its quarterly earnings results on Tuesday, August 13th. The oil and gas company reported $0.22 EPS for the quarter. The business had revenue of $1.58 million during the quarter. Cross Timbers Royalty Trust had a return on equity of 291.46% and a net margin of 88.84%.

Cross Timbers Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.055 dividend. This represents a $0.66 annualized dividend and a dividend yield of 7.14%. The ex-dividend date of this dividend is Friday, August 30th. Cross Timbers Royalty Trust’s dividend payout ratio is currently 42.04%.

Institutional Trading of Cross Timbers Royalty Trust

A hedge fund recently bought a new stake in Cross Timbers Royalty Trust stock. Navellier & Associates Inc. bought a new stake in shares of Cross Timbers Royalty Trust (NYSE:CRT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,622 shares of the oil and gas company’s stock, valued at approximately $362,000. Navellier & Associates Inc. owned about 0.34% of Cross Timbers Royalty Trust at the end of the most recent quarter. Institutional investors own 9.74% of the company’s stock.

About Cross Timbers Royalty Trust

Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits working interest in four properties in Texas and three properties in Oklahoma.