Mesa Royalty Trust (NYSE:MTR – Get Rating) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,400 shares, a decrease of 92.1% from the March 15th total of 17,800 shares. Based on an average daily trading volume, of 39,900 shares, the days-to-cover ratio is presently 0.0 days.
Mesa Royalty Trust stock traded up $0.19 during mid-day trading on Tuesday, hitting $10.15. The company had a trading volume of 198 shares, compared to its average volume of 42,406. Mesa Royalty Trust has a 1 year low of $4.16 and a 1 year high of $10.80. The business has a fifty day moving average of $8.32.
The business also recently declared a monthly dividend, which will be paid on Friday, April 29th. Shareholders of record on Monday, January 31st will be paid a $0.1118 dividend. The ex-dividend date of this dividend is Friday, January 28th. This represents a $1.34 annualized dividend and a yield of 13.21%.
Separately, TheStreet raised shares of Mesa Royalty Trust from a “c” rating to a “b-” rating in a research report on Tuesday, April 5th.
Mesa Royalty Trust Company Profile (Get Rating)
Mesa Royalty Trust owns net overriding royalty interests in various oil and gas producing properties in the United States. It has interests in properties located in the Hugoton field of Kansas; and the San Juan Basin field of New Mexico and Colorado. The company was founded in 1979 and is based in Houston, Texas.
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