Short Interest in Mesa Royalty Trust (NYSE:MTR) Grows By 1,554.2%

Mesa Royalty Trust (NYSE:MTR) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 11,497 shares, an increase of 1,554.2% from the January 15th total of 695 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 15,733 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 15,733 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mesa Royalty Trust in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Mesa Royalty Trust presently has an average rating of “Sell”.

Mesa Royalty Trust Trading Up 1.9%

NYSE MTR traded up $0.09 during trading on Thursday, hitting $4.88. 2,443 shares of the company traded hands, compared to its average volume of 17,191. Mesa Royalty Trust has a 12 month low of $4.03 and a 12 month high of $10.42. The business has a fifty day simple moving average of $4.54 and a 200 day simple moving average of $4.98. The company has a market capitalization of $9.10 million, a P/E ratio of 21.22 and a beta of 0.48.

Mesa Royalty Trust (NYSE:MTR) last issued its quarterly earnings data on Thursday, November 13th. The energy company reported $0.05 EPS for the quarter. Mesa Royalty Trust had a return on equity of 13.63% and a net margin of 76.84%.The business had revenue of $0.13 million for the quarter.

Mesa Royalty Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Friday, January 30th will be given a $0.0015 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. Mesa Royalty Trust’s dividend payout ratio (DPR) is currently 4.35%.

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).