Short Interest in VOC Energy Trust (NYSE:VOC) Expands By 211.9%

VOC Energy Trust (NYSE:VOC) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 23,639 shares, an increase of 211.9% from the June 15th total of 7,580 shares. Based on an average daily volume of 64,722 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

VOC Energy Trust Stock Performance

Shares of VOC Energy Trust stock traded down $0.06 on Tuesday, reaching $3.13. 46,311 shares of the company’s stock were exchanged, compared to its average volume of 107,255. The company has a market capitalization of $53.21 million, a P/E ratio of 7.11 and a beta of 0.13. VOC Energy Trust has a 52 week low of $2.60 and a 52 week high of $3.84. The firm’s 50-day moving average is $2.98 and its two-hundred day moving average is $3.11.

VOC Energy Trust (NYSE:VOC) last released its quarterly earnings data on Wednesday, May 13th. The oil and gas producer reported $0.09 earnings per share for the quarter. VOC Energy Trust had a net margin of 90.03% and a return on equity of 71.27%. The company had revenue of $1.59 million during the quarter.

VOC Energy Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were paid a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 12.1%. This is an increase from VOC Energy Trust’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, April 30th. VOC Energy Trust’s payout ratio is presently 86.36%.

Hedge Funds Weigh In On VOC Energy Trust

A hedge fund recently bought a new stake in VOC Energy Trust stock. International Assets Investment Management LLC bought a new stake in VOC Energy Trust (NYSE:VOC) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 10,000 shares of the oil and gas producer’s stock, valued at approximately $27,000. International Assets Investment Management LLC owned 0.06% of VOC Energy Trust at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of VOC Energy Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About VOC Energy Trust

VOC Energy Trust is a Canada-based unincorporated, open-ended royalty trust focused on upstream oil and gas interests. Headquartered in Calgary, Alberta, the trust holds non-operated royalty and net profit interests in conventional petroleum and natural gas properties. VOC’s structure allows it to collect a percentage of production revenues without directly managing exploration or drilling activities.

The trust’s asset portfolio is concentrated in the Western Canadian Sedimentary Basin, with producing properties across Alberta, Saskatchewan and British Columbia.