Permianville Royalty Trust (NYSE:PVL) Short Interest Update

Permianville Royalty Trust (NYSE:PVL) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 89,100 shares, a decline of 26.2% from the October 31st total of 120,800 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 64,100 shares, the short-interest ratio is currently 1.4 days.

Permianville Royalty Trust Price Performance

Shares of Permianville Royalty Trust stock traded up $0.02 during trading hours on Friday, reaching $1.59. The company’s stock had a trading volume of 44,623 shares, compared to its average volume of 42,546. Permianville Royalty Trust has a one year low of $1.03 and a one year high of $2.04. The firm has a 50 day moving average price of $1.58 and a 200-day moving average price of $1.50. The stock has a market cap of $52.47 million, a P/E ratio of 6.63 and a beta of 0.83.

Permianville Royalty Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.0105 per share. The ex-dividend date is Friday, November 29th. This represents a $0.13 dividend on an annualized basis and a yield of 7.92%. Permianville Royalty Trust’s dividend payout ratio (DPR) is presently 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.