Mesa Royalty Trust (NYSE:MTR) Sees Large Decrease in Short Interest

Mesa Royalty Trust (NYSE:MTR) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 693 shares, a decline of 77.7% from the September 30th total of 3,107 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,705 shares, the short-interest ratio is presently 0.1 days.

Mesa Royalty Trust Stock Up 2.5%

MTR traded up $0.05 during trading on Wednesday, hitting $1.97. The company’s stock had a trading volume of 3,506 shares, compared to its average volume of 12,990. The firm’s 50 day moving average price is $2.33 and its two-hundred day moving average price is $3.70. Mesa Royalty Trust has a 12 month low of $1.85 and a 12 month high of $5.83. The stock has a market capitalization of $3.67 million, a price-to-earnings ratio of 12.34 and a beta of 0.41.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Mesa Royalty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Mesa Royalty Trust presently has an average rating of “Sell”.

Mesa Royalty Trust Company Profile

Mesa Royalty Trust (NYSE:MTR) is a publicly traded grantor trust that holds royalty and net profits interests in certain oil and natural gas properties in the United States. The trust does not conduct exploration, drilling, or production operations itself; instead, it receives distributions based on the proceeds generated by the underlying properties after allowable operating and production expenses.

The trust’s interests are primarily associated with producing properties in the Hugoton Field of southwestern Kansas and the Anadarko Basin of Texas and Oklahoma.