Mesa Royalty Trust (NYSE:MTR) Short Interest Update

Mesa Royalty Trust (NYSE:MTR) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,793 shares, a growth of 311.2% from the August 15th total of 436 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 13,992 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Mesa Royalty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, August 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Mesa Royalty Trust Stock Performance

NYSE MTR opened at $2.42 on Monday. The stock’s fifty day moving average is $2.80 and its two-hundred day moving average is $3.82. The firm has a market capitalization of $4.51 million, a P/E ratio of 15.16 and a beta of 0.41. Mesa Royalty Trust has a fifty-two week low of $2.17 and a fifty-two week high of $5.83.

Mesa Royalty Trust (NYSE:MTR) last issued its earnings results on Friday, August 14th. The energy company reported $0.07 earnings per share (EPS) for the quarter. Mesa Royalty Trust had a return on equity of 9.17% and a net margin of 60.59%.The business had revenue of $0.16 million during the quarter.

About Mesa Royalty Trust

Mesa Royalty Trust (NYSE: MTR) is a statutory trust that holds overriding royalty interests in oil and natural gas properties primarily located in the Permian Basin of Texas and New Mexico. Established in 1981 by Mesa Production Oil & Gas, Inc, the trust’s portfolio comprises interests in thousands of producing wells across key producing areas, including the Midland, Delaware and Central Basin platforms. These interests provide the trust with net revenue rights to a portion of the hydrocarbons produced from the underlying formations.

The trust’s core business activity is the collection and distribution of royalty income derived from the sale of crude oil, natural gas and natural gas liquids (NGLs).