Mesa Royalty Trust (NYSE:MTR – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 14,700 shares, a decline of 21.0% from the August 31st total of 18,600 shares. Currently, 0.8% of the company’s stock 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 Down 0.5 %
Shares of MTR traded down $0.03 during trading on Friday, reaching $5.76. The company’s stock had a trading volume of 4,690 shares, compared to its average volume of 11,197. The company has a market cap of $10.74 million, a price-to-earnings ratio of 4.76 and a beta of 0.57. The company has a fifty day moving average of $6.86 and a two-hundred day moving average of $8.47. Mesa Royalty Trust has a twelve month low of $5.60 and a twelve month high of $18.92.
Mesa Royalty Trust (NYSE:MTR – Get Free Report) last released its earnings results on Wednesday, August 14th. The energy company reported $0.12 earnings per share for the quarter. Mesa Royalty Trust had a net margin of 76.94% and a return on equity of 28.92%. The company had revenue of $0.31 million during the quarter.
Mesa Royalty Trust Cuts Dividend
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.
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