Short Interest in Mesa Royalty Trust (NYSE:MTR) Declines By 21.0%

Mesa Royalty Trust (NYSE:MTR) was the target of a large drop in short interest during 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. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 9,700 shares, the days-to-cover ratio is presently 1.5 days.

Mesa Royalty Trust Stock Performance

MTR traded down $0.03 on Friday, hitting $5.76. 4,690 shares of the company were exchanged, compared to its average volume of 11,197. The firm has a fifty day simple moving average of $6.91 and a two-hundred day simple moving average of $8.51. Mesa Royalty Trust has a 12 month low of $5.60 and a 12 month high of $18.92. The stock has a market capitalization of $10.74 million, a PE ratio of 4.76 and a beta of 0.57.

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

Mesa Royalty Trust Cuts Dividend

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

About Mesa Royalty Trust

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.