Permianville Royalty Trust (NYSE:PVL) Sees Large Decline 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. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 58,300 shares, the short-interest ratio is currently 1.3 days.

Permianville Royalty Trust Stock Performance

Shares of PVL stock traded up $0.01 on Tuesday, hitting $1.36. 78,184 shares of the company’s stock traded hands, compared to its average volume of 88,826. The stock has a market capitalization of $44.88 million, a price-to-earnings ratio of 6.48 and a beta of 0.86. The company’s fifty day simple moving average is $1.52 and its 200 day simple moving average is $1.52. Permianville Royalty Trust has a one year low of $1.03 and a one year high of $1.96.

Permianville Royalty Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.0105 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 9.26%. The ex-dividend date was Friday, November 29th. Permianville Royalty Trust’s dividend payout ratio (DPR) is presently 57.14%.

About Permianville Royalty Trust

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.