Permianville Royalty Trust (NYSE:PVL) Short Interest Update

Permianville Royalty Trust (NYSE:PVL) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 93,400 shares, a growth of 32.9% from the January 31st total of 70,300 shares. Based on an average trading volume of 63,500 shares, the short-interest ratio is presently 1.5 days. Currently, 0.4% of the company’s shares are sold short.

Permianville Royalty Trust Price Performance

PVL remained flat at $1.48 during trading on Tuesday. 117,414 shares of the company’s stock were exchanged, compared to its average volume of 59,403. The firm has a fifty day moving average of $1.44 and a two-hundred day moving average of $1.55. Permianville Royalty Trust has a 12-month low of $1.03 and a 12-month high of $1.96. The firm has a market cap of $48.84 million, a price-to-earnings ratio of 7.05 and a beta of 0.89.

Institutional Trading of Permianville Royalty Trust

An institutional investor recently bought a new position in Permianville Royalty Trust stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Permianville Royalty Trust (NYSE:PVL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,690,973 shares of the company’s stock, valued at approximately $2,300,000. Ashton Thomas Private Wealth LLC owned 5.12% of Permianville Royalty Trust as of its most recent filing with the Securities and Exchange Commission. 6.78% of the stock is owned by institutional investors and hedge funds.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust operates as a statutory trust. It is involved in the acquisition and holding of net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico.