Permianville Royalty Trust (NYSE:PVL) Sees Significant Decrease in Short Interest

Permianville Royalty Trust (NYSE:PVL) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 77,500 shares, a drop of 16.8% from the November 30th total of 93,100 shares. Based on an average daily volume of 58,300 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.3% of the shares of the stock are sold short.

Permianville Royalty Trust Stock Up 0.3 %

PVL traded up $0.00 on Friday, hitting $1.36. The company had a trading volume of 38,811 shares, compared to its average volume of 88,576. The business’s fifty day simple moving average is $1.52 and its 200 day simple moving average is $1.51. Permianville Royalty Trust has a 12-month low of $1.03 and a 12-month high of $1.96. The company has a market cap of $44.85 million, a PE ratio of 6.47 and a beta of 0.86.

Permianville Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.0105 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.13 dividend on an annualized basis and a yield of 9.27%. Permianville Royalty Trust’s dividend payout ratio is presently 57.14%.

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.