Mesa Royalty Trust (NYSE:MTR) Stock Short Interest Rises 158.8%

Mesa Royalty Trust (NYSE:MTR) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 4,640 shares, an increase of 158.8% from the August 31st total of 1,793 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 16,309 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Mesa Royalty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Mesa Royalty Trust Stock Performance

NYSE MTR traded down $0.01 during mid-day trading on Monday, reaching $2.42. 5,928 shares of the stock were exchanged, compared to its average volume of 13,777. The stock has a market capitalization of $4.51 million, a PE ratio of 15.16 and a beta of 0.41. Mesa Royalty Trust has a 1-year low of $2.17 and a 1-year high of $5.83. The business’s fifty day simple moving average is $2.66 and its 200 day simple moving average is $3.63.

Mesa Royalty Trust (NYSE:MTR) last issued its quarterly earnings results on Friday, August 14th. The energy company reported $0.07 earnings per share for the quarter. Mesa Royalty Trust had a return on equity of 9.17% and a net margin of 60.59%.The company had revenue of $0.16 million during the quarter.

About Mesa Royalty Trust

Mesa Royalty Trust (NYSE: MTR) is a grantor trust that holds interests in oil and natural gas properties in the United States. The trust does not operate wells or directly provide energy services; instead, it receives distributions derived from the production and sale of hydrocarbons from the properties in which it owns royalty or net profits interests.

The trust’s primary assets are interests in oil and gas properties located in the Hugoton Field of southwestern Kansas and the San Juan Basin of northwestern New Mexico.