Mesa Royalty Trust (NYSE:MTR) Short Interest Down 21.0% in September

Mesa Royalty Trust (NYSE:MTR) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 14,700 shares, a drop of 21.0% from the August 31st total of 18,600 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 9,700 shares, the short-interest ratio is currently 1.5 days.

Mesa Royalty Trust Stock Down 0.5 %

MTR stock traded down $0.03 during mid-day trading on Friday, reaching $5.76. The company had a trading volume of 4,690 shares, compared to its average volume of 11,197. Mesa Royalty Trust has a one year low of $5.60 and a one year high of $18.92. The stock has a market capitalization of $10.74 million, a P/E ratio of 4.76 and a beta of 0.57. The stock’s 50-day simple moving average is $6.86 and its two-hundred day simple moving average is $8.47.

Mesa Royalty Trust (NYSE:MTR) last posted its earnings results on Wednesday, August 14th. The energy company reported $0.12 earnings per share (EPS) for the quarter. Mesa Royalty Trust had a net margin of 76.94% and a return on equity of 28.92%. The firm had revenue of $0.31 million during the quarter.

Mesa Royalty Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a $0.0018 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Monday, September 30th. Mesa Royalty Trust’s dividend payout ratio (DPR) is 3.31%.

Mesa Royalty Trust Company Profile

Mesa Royalty Trust owns overriding royalty interests in various oil and gas producing properties in the United States. It holds interests in properties located in the Hugoton field of Kansas; and the San Juan Basin field of Northwestern New Mexico and Southwestern Colorado. The company was founded in 1979 and is based in Houston, Texas.