Mesa Royalty Trust (NYSE:MTR) Short Interest Update

Mesa Royalty Trust (NYSE:MTR) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 8,600 shares, a decline of 28.3% from the November 30th total of 12,000 shares. Based on an average trading volume of 12,000 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.5% of the company’s stock are short sold.

Mesa Royalty Trust Stock Down 2.6 %

MTR stock traded down $0.17 during mid-day trading on Friday, reaching $6.00. 2,409 shares of the company traded hands, compared to its average volume of 11,378. The stock has a market cap of $11.16 million, a price-to-earnings ratio of 12.77 and a beta of 0.61. Mesa Royalty Trust has a fifty-two week low of $5.60 and a fifty-two week high of $14.49. The firm’s 50 day moving average price is $6.40 and its 200 day moving average price is $6.91.

Mesa Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.0057 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.07 annualized dividend and a dividend yield of 1.14%. This is an increase from Mesa Royalty Trust’s previous monthly dividend of $0.00. Mesa Royalty Trust’s dividend payout ratio is currently 55.32%.

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.