Mesa Royalty Trust (NYSE:MTR) Short Interest Up 125.5% in June

Mesa Royalty Trust (NYSE:MTR) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,202 shares, a growth of 125.5% from the May 31st total of 533 shares. Based on an average daily volume of 12,448 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Mesa Royalty Trust Trading Down 1.3%

Shares of NYSE MTR traded down $0.04 during trading hours on Monday, hitting $3.15. 9,786 shares of the company traded hands, compared to its average volume of 16,006. The company’s 50 day moving average price is $3.98 and its 200 day moving average price is $4.49. Mesa Royalty Trust has a 12 month low of $3.11 and a 12 month high of $5.98. The stock has a market capitalization of $5.87 million, a price-to-earnings ratio of 15.75 and a beta of 0.41.

Mesa Royalty Trust (NYSE:MTR) last posted its quarterly earnings data on Monday, March 30th. The energy company reported $0.04 EPS for the quarter. Mesa Royalty Trust had a net margin of 65.19% and a return on equity of 11.24%. The company had revenue of $0.14 million during the quarter.

Mesa Royalty Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, May 29th will be paid a dividend of $0.0403 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 15.3%. Mesa Royalty Trust’s payout ratio is currently 145.00%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Mesa Royalty Trust in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Mesa Royalty Trust Company Profile

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).