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

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

Mesa Royalty Trust Stock Performance

Shares of NYSE:MTR traded down $0.03 during midday trading on Wednesday, hitting $4.79. 10,586 shares of the stock were exchanged, compared to its average volume of 17,721. The company has a market capitalization of $8.91 million, a PE ratio of 20.83 and a beta of 0.48. Mesa Royalty Trust has a 52-week low of $4.03 and a 52-week high of $10.42. The business’s fifty day simple moving average is $4.54 and its two-hundred day simple moving average is $4.98.

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

Mesa Royalty Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, January 30th will be issued a dividend of $0.0015 per share. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, January 30th. Mesa Royalty Trust’s dividend payout ratio (DPR) is 8.70%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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 MarketBeat, the company currently has an average rating of “Sell”.

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).