Permianville Royalty Trust (NYSE:PVL) Short Interest Update

Permianville Royalty Trust (NYSE:PVL) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 93,400 shares, an increase of 32.9% from the January 31st total of 70,300 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 63,500 shares, the days-to-cover ratio is presently 1.5 days.

Hedge Funds Weigh In On Permianville Royalty Trust

A hedge fund recently bought a new stake in Permianville Royalty Trust stock. Ashton Thomas Private Wealth LLC purchased a new position in shares of Permianville Royalty Trust (NYSE:PVL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,690,973 shares of the company’s stock, valued at approximately $2,300,000. Ashton Thomas Private Wealth LLC owned approximately 5.12% of Permianville Royalty Trust as of its most recent SEC filing. 6.78% of the stock is currently owned by hedge funds and other institutional investors.

Permianville Royalty Trust Price Performance

Shares of NYSE PVL remained flat at $1.48 during midday trading on Tuesday. 117,414 shares of the stock were exchanged, compared to its average volume of 59,403. The business’s 50 day moving average is $1.44 and its 200-day moving average is $1.55. The stock has a market capitalization of $48.84 million, a P/E ratio of 7.05 and a beta of 0.89. Permianville Royalty Trust has a 52 week low of $1.03 and a 52 week high of $1.96.

About Permianville Royalty Trust

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.