Permianville Royalty Trust (NYSE:PVL) Short Interest Down 27.8% in April

Permianville Royalty Trust (NYSE:PVLGet Rating) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 80,600 shares, a decrease of 27.8% from the April 15th total of 111,600 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 190,200 shares, the days-to-cover ratio is presently 0.4 days.

Permianville Royalty Trust stock opened at $3.44 on Friday. Permianville Royalty Trust has a 12 month low of $1.56 and a 12 month high of $3.49. The business has a 50 day simple moving average of $2.91 and a 200-day simple moving average of $2.47.

The business also recently declared a monthly dividend, which will be paid on Monday, May 16th. Stockholders of record on Friday, April 29th will be paid a dividend of $0.0315 per share. This represents a $0.38 annualized dividend and a dividend yield of 10.99%. The ex-dividend date is Thursday, April 28th. This is a boost from Permianville Royalty Trust’s previous monthly dividend of $0.02.

About Permianville Royalty Trust (Get Rating)

Permianville Royalty Trust operates as a statutory trust. It owns a 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. The company was formerly known as Enduro Royalty Trust and changed its name to Permianville Royalty Trust in September 2018.

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