Mesa Royalty Trust (NYSE:MTR) Short Interest Up 98.0% in April

Mesa Royalty Trust (NYSE:MTRGet Rating) saw a significant increase in short interest in April. As of April 30th, there was short interest totalling 9,900 shares, an increase of 98.0% from the April 15th total of 5,000 shares. Based on an average daily trading volume, of 44,900 shares, the short-interest ratio is currently 0.2 days.

MTR traded down $0.21 during trading on Friday, hitting $11.88. 35,980 shares of the stock traded hands, compared to its average volume of 41,119. Mesa Royalty Trust has a twelve month low of $4.29 and a twelve month high of $16.74. The business has a 50 day moving average price of $10.47 and a 200 day moving average price of $8.04.

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, April 29th will be given a dividend of $0.1015 per share. The ex-dividend date is Thursday, April 28th. This represents a $1.22 annualized dividend and a yield of 10.25%.

Separately, TheStreet upgraded shares of Mesa Royalty Trust from a “c” rating to a “b-” rating in a research report on Tuesday, April 5th.

A hedge fund recently raised its stake in Mesa Royalty Trust stock. Morgan Stanley increased its holdings in Mesa Royalty Trust (NYSE:MTRGet Rating) by 294.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,000 shares of the energy company’s stock after purchasing an additional 22,400 shares during the quarter. Morgan Stanley owned approximately 1.61% of Mesa Royalty Trust worth $143,000 at the end of the most recent reporting period.

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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