Sandridge Mississippian Trust I (NYSE:SDT) Short Interest Up 38.8% in July

Sandridge Mississippian Trust I (NYSE:SDT) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 182,400 shares, an increase of 38.8% from the June 30th total of 131,400 shares. Based on an average daily volume of 128,700 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.9% of the shares of the company are short sold.

Shares of NYSE SDT traded up $0.01 during mid-day trading on Monday, hitting $0.55. 55,155 shares of the company were exchanged, compared to its average volume of 101,324. The business’s 50 day moving average is $0.62. Sandridge Mississippian Trust I has a 1-year low of $0.45 and a 1-year high of $1.60.

Sandridge Mississippian Trust I (NYSE:SDT) last issued its quarterly earnings results on Thursday, May 9th. The oil and gas producer reported $0.04 earnings per share for the quarter. Sandridge Mississippian Trust I had a return on equity of 18.94% and a net margin of 63.14%. The firm had revenue of $2.04 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be issued a dividend of $0.026 per share. This represents a $0.10 annualized dividend and a dividend yield of 19.04%. The ex-dividend date of this dividend is Thursday, August 8th.

An institutional investor recently raised its position in Sandridge Mississippian Trust I stock. Deutsche Bank AG increased its stake in shares of Sandridge Mississippian Trust I (NYSE:SDT) by 55.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,556 shares of the oil and gas producer’s stock after purchasing an additional 12,256 shares during the quarter. Deutsche Bank AG owned 0.12% of Sandridge Mississippian Trust I worth $27,000 as of its most recent SEC filing.

Sandridge Mississippian Trust I Company Profile

SandRidge Mississippian Trust I, a statutory trust, holds royalty interests in specified oil and natural gas properties located in the Mississippian formation in Alfalfa, Garfield, Grant, and Woods counties in Oklahoma. As of December 31, 2017, the company's properties comprised royalty interests in the initial wells; and 121 additional wells that were drilled and perforated by the company.

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