Mesa Royalty Trust (NYSE:MTR) Short Interest Down 86.4% in January

Mesa Royalty Trust (NYSE:MTR) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 695 shares, a decline of 86.4% from the December 31st total of 5,120 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 19,897 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 19,897 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Mesa Royalty Trust Price Performance

Shares of MTR stock traded up $0.05 during trading on Wednesday, reaching $5.02. The company had a trading volume of 9,862 shares, compared to its average volume of 16,386. The firm’s 50 day simple moving average is $4.51 and its two-hundred day simple moving average is $5.03. Mesa Royalty Trust has a one year low of $4.03 and a one year high of $10.42. The company has a market capitalization of $9.34 million, a PE ratio of 21.61 and a beta of 0.45.

Mesa Royalty Trust (NYSE:MTR) last announced its quarterly earnings results 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 company had revenue of $0.13 million for the quarter.

Mesa Royalty Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, January 30th will be paid a $0.0015 dividend. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 0.4%. Mesa Royalty Trust’s dividend payout ratio (DPR) is presently 95.65%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Mesa Royalty Trust in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Mesa Royalty Trust has a consensus 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).