Permianville Royalty Trust (NYSE:PVL) Short Interest Down 26.2% in November

Permianville Royalty Trust (NYSE:PVL) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 89,100 shares, a decrease of 26.2% from the October 31st total of 120,800 shares. Based on an average daily trading volume, of 64,100 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.4% of the company’s stock are sold short.

Permianville Royalty Trust Price Performance

NYSE PVL remained flat at $1.59 on Friday. The company’s stock had a trading volume of 44,623 shares, compared to its average volume of 89,170. The company has a fifty day moving average price of $1.59 and a 200-day moving average price of $1.50. Permianville Royalty Trust has a 12-month low of $1.03 and a 12-month high of $2.04. The stock has a market capitalization of $52.31 million, a P/E ratio of 6.58 and a beta of 0.83.

Permianville Royalty Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.0105 per share. This represents a $0.13 annualized dividend and a yield of 7.95%. The ex-dividend date of this dividend is Friday, November 29th. Permianville Royalty Trust’s payout ratio is currently 75.00%.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust operates as a statutory trust. It is involved in the acquisition and holding of net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico.