North European Oil Royalty Trust (NYSE:NRT) Short Interest Update

North European Oil Royalty Trust (NYSE:NRT) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 25,300 shares, a drop of 21.7% from the November 15th total of 32,300 shares. Based on an average daily trading volume, of 44,400 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On North European Oil Royalty Trust

Several large investors have recently made changes to their positions in NRT. Comerica Bank raised its stake in shares of North European Oil Royalty Trust by 141.0% in the first quarter. Comerica Bank now owns 4,304 shares of the energy company’s stock worth $26,000 after acquiring an additional 2,518 shares during the last quarter. Peapack Gladstone Financial Corp lifted its holdings in North European Oil Royalty Trust by 34.5% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 19,500 shares of the energy company’s stock worth $102,000 after buying an additional 5,000 shares in the last quarter. Finally, Swan Global Investments LLC acquired a new stake in shares of North European Oil Royalty Trust in the 3rd quarter valued at $167,000. Institutional investors own 6.97% of the company’s stock.

North European Oil Royalty Trust Trading Down 0.8 %

Shares of NRT stock traded down $0.03 during trading hours on Friday, hitting $3.90. The company had a trading volume of 34,962 shares, compared to its average volume of 60,392. North European Oil Royalty Trust has a 12 month low of $3.90 and a 12 month high of $8.62. The firm’s fifty day moving average is $4.57 and its 200 day moving average is $5.46.

North European Oil Royalty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a dividend of $0.02 per share. The ex-dividend date was Friday, November 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.05%. North European Oil Royalty Trust’s payout ratio is presently 17.39%.

About North European Oil Royalty Trust

North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany. The company also has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.