San Juan Basin Royalty Trust (NYSE:SJT) Sees Large Growth in Short Interest

San Juan Basin Royalty Trust (NYSE:SJTGet Rating) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 271,300 shares, a growth of 144.2% from the March 15th total of 111,100 shares. Based on an average daily trading volume, of 732,500 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the shares of the stock are short sold.

San Juan Basin Royalty Trust stock opened at $10.82 on Friday. The firm’s fifty day moving average price is $7.63 and its 200-day moving average price is $6.77. San Juan Basin Royalty Trust has a fifty-two week low of $3.75 and a fifty-two week high of $10.86.

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were given a dividend of $0.1191 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $1.43 annualized dividend and a dividend yield of 13.21%. This is a boost from San Juan Basin Royalty Trust’s previous monthly dividend of $0.09.

Separately, StockNews.com assumed coverage on shares of San Juan Basin Royalty Trust in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

Several institutional investors have recently bought and sold shares of SJT. Millennium Management LLC purchased a new stake in shares of San Juan Basin Royalty Trust during the 2nd quarter valued at $123,000. Huntington National Bank purchased a new stake in shares of San Juan Basin Royalty Trust during the 3rd quarter valued at $88,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of San Juan Basin Royalty Trust by 8.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 25,654 shares of the oil and gas producer’s stock valued at $130,000 after purchasing an additional 1,894 shares during the last quarter. Moors & Cabot Inc. bought a new position in shares of San Juan Basin Royalty Trust during the 3rd quarter valued at $107,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of San Juan Basin Royalty Trust by 64.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 27,700 shares of the oil and gas producer’s stock valued at $140,000 after purchasing an additional 10,900 shares during the last quarter.

About San Juan Basin Royalty Trust (Get Rating)

San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest carved out of Southland's oil and natural gas interests (the Subject Interests) in properties located in the San Juan Basin in northwestern New Mexico. The Subject Interests consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net producing acres in San Juan, Rio Arriba, and Sandoval Counties of northwestern New Mexico, as well as 1,140.0 net wells.

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