Mesa Royalty Trust (NYSE:MTR) Shares Shorted: Short Interest Up 158.8% in September

Mesa Royalty Trust (NYSE:MTR) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 4,640 shares, an increase of 158.8% from the August 31st total of 1,793 shares. Based on an average trading volume of 16,309 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Mesa Royalty Trust Stock Up 1.3%

Shares of Mesa Royalty Trust stock opened at $2.41 on Friday. Mesa Royalty Trust has a 12-month low of $2.17 and a 12-month high of $5.83. The company has a market capitalization of $4.49 million, a price-to-earnings ratio of 15.06 and a beta of 0.41. The firm’s 50-day moving average price is $2.66 and its two-hundred day moving average price is $3.64.

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

Mesa Royalty Trust Company Profile

Mesa Royalty Trust (NYSE: MTR) is a grantor trust that holds interests in oil and natural gas properties in the United States. The trust does not operate wells or directly provide energy services; instead, it receives distributions derived from the production and sale of hydrocarbons from the properties in which it owns royalty or net profits interests.

The trust’s primary assets are interests in oil and gas properties located in the Hugoton Field of southwestern Kansas and the San Juan Basin of northwestern New Mexico.