Short Interest in Mesa Royalty Trust (NYSE:MTR) Declines By 66.5%

Mesa Royalty Trust (NYSE:MTR) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 559 shares, a decline of 66.5% from the July 15th total of 1,671 shares. Based on an average trading volume of 5,802 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Mesa Royalty Trust Trading Up 2.3%

Shares of MTR opened at $2.90 on Friday. Mesa Royalty Trust has a twelve month low of $2.82 and a twelve month high of $5.83. The firm has a market capitalization of $5.38 million, a P/E ratio of 18.09 and a beta of 0.44. The firm’s 50-day moving average is $3.13 and its two-hundred day moving average is $4.16.

Mesa Royalty Trust (NYSE:MTR) last posted its quarterly earnings results on Friday, August 14th. The energy company reported $0.07 earnings per share (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 $0.16 million during the quarter.

Mesa Royalty Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Investors of record on Friday, May 29th were paid a $0.0403 dividend. This represents a c) annualized dividend and a yield of 16.7%. The ex-dividend date of this dividend was Friday, May 29th.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Mesa Royalty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

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).