Short Interest in San Juan Basin Royalty Trust (NYSE:SJT) Drops By 35.5%

San Juan Basin Royalty Trust (NYSE:SJTGet Rating) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 175,000 shares, a decrease of 35.5% from the March 31st total of 271,300 shares. Based on an average trading volume of 779,200 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the company’s shares are short sold.

Shares of SJT stock opened at $10.62 on Friday. The company’s 50-day simple moving average is $8.40 and its two-hundred day simple moving average is $7.16. San Juan Basin Royalty Trust has a one year low of $3.75 and a one year high of $12.39.

The business also recently announced a monthly dividend, which will be paid on Friday, May 13th. Shareholders of record on Friday, April 29th will be paid a $0.0829 dividend. The ex-dividend date is Thursday, April 28th. This represents a $0.99 dividend on an annualized basis and a yield of 9.37%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. boosted its stake in shares of San Juan Basin Royalty Trust by 9,553.3% during the first quarter. Koshinski Asset Management Inc. now owns 5,792 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 5,732 shares in the last quarter. Chilton Capital Management LLC bought a new position in shares of San Juan Basin Royalty Trust during the fourth quarter valued at approximately $51,000. Royal Bank of Canada boosted its stake in shares of San Juan Basin Royalty Trust by 17,272.7% during the third quarter. Royal Bank of Canada now owns 9,555 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 9,500 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of San Juan Basin Royalty Trust by 18.1% during the third quarter. Captrust Financial Advisors now owns 13,047 shares of the oil and gas producer’s stock valued at $67,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of San Juan Basin Royalty Trust by 58.4% during the third quarter. Jane Street Group LLC now owns 20,356 shares of the oil and gas producer’s stock valued at $103,000 after purchasing an additional 7,504 shares in 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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