Mesa Royalty Trust (NYSE:MTR) Stock Short Interest Report for October

Mesa Royalty Trust (NYSE:MTR) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 693 shares, a decrease of 77.7% from the September 30th total of 3,107 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 8,705 shares, the short-interest ratio is presently 0.1 days.

Mesa Royalty Trust Stock Performance

Mesa Royalty Trust stock traded down $0.08 during trading hours on Thursday, hitting $1.89. The company had a trading volume of 3,817 shares, compared to its average volume of 12,945. The firm has a market cap of $3.52 million, a P/E ratio of 11.82 and a beta of 0.41. Mesa Royalty Trust has a 1 year low of $1.85 and a 1 year high of $5.83. The company has a 50-day moving average price of $2.31 and a two-hundred day moving average price of $3.69.

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

Wall Street Analyst Weigh In

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

Mesa Royalty Trust Company Profile

Mesa Royalty Trust (NYSE:MTR) is a publicly traded grantor trust that holds royalty and net profits interests in certain oil and natural gas properties in the United States. The trust does not conduct exploration, drilling, or production operations itself; instead, it receives distributions based on the proceeds generated by the underlying properties after allowable operating and production expenses.

The trust’s interests are primarily associated with producing properties in the Hugoton Field of southwestern Kansas and the Anadarko Basin of Texas and Oklahoma.