Mesa Royalty Trust (NYSE:MTR) Sees Significant Growth in Short Interest

Mesa Royalty Trust (NYSE:MTR) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 12,000 shares, an increase of 2,900.0% from the November 15th total of 400 shares. Based on an average daily trading volume, of 11,800 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.7% of the shares of the stock are sold short.

Mesa Royalty Trust Stock Performance

NYSE MTR traded down $0.15 during trading on Friday, reaching $6.63. 7,115 shares of the company traded hands, compared to its average volume of 11,405. Mesa Royalty Trust has a 1-year low of $5.60 and a 1-year high of $14.65. The company has a market cap of $12.33 million, a price-to-earnings ratio of 14.15 and a beta of 0.61. The stock’s 50 day moving average price is $6.39 and its two-hundred day moving average price is $7.13.

Mesa Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, November 29th will be paid a $0.0057 dividend. This is a positive change from Mesa Royalty Trust’s previous monthly dividend of $0.00. The ex-dividend date is Friday, November 29th. This represents a $0.07 annualized dividend and a yield of 1.03%. Mesa Royalty Trust’s payout ratio is currently 6.38%.

About Mesa Royalty Trust

Mesa Royalty Trust owns overriding royalty interests in various oil and gas producing properties in the United States. It holds interests in properties located in the Hugoton field of Kansas; and the San Juan Basin field of Northwestern New Mexico and Southwestern Colorado. The company was founded in 1979 and is based in Houston, Texas.