Mesa Royalty Trust (NYSE:MTR) Sees Large Decline in Short Interest

Mesa Royalty Trust (NYSE:MTR) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 6,700 shares, a decline of 22.1% from the December 15th total of 8,600 shares. Based on an average daily trading volume, of 9,900 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.4% of the shares of the stock are sold short.

Mesa Royalty Trust Trading Down 1.5 %

Mesa Royalty Trust stock traded down $0.11 during mid-day trading on Friday, hitting $6.74. The stock had a trading volume of 3,781 shares, compared to its average volume of 8,689. The firm’s 50 day moving average is $6.48 and its 200 day moving average is $6.70. The firm has a market capitalization of $12.53 million, a P/E ratio of 14.33 and a beta of 0.66. Mesa Royalty Trust has a one year low of $5.60 and a one year high of $11.99.

Mesa Royalty Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.0057 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.07 annualized dividend and a dividend yield of 1.01%. This is a boost from Mesa Royalty Trust’s previous monthly dividend of $0.00. Mesa Royalty Trust’s dividend payout ratio (DPR) is currently 55.32%.

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.