Short Interest in MV Oil Trust (NYSE:MVO) Expands By 48.7%

MV Oil Trust (NYSE:MVO) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 1,196,368 shares, a growth of 48.7% from the December 31st total of 804,812 shares. Currently, 10.4% of the shares of the stock are short sold. Based on an average trading volume of 1,375,331 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 1,375,331 shares, the short-interest ratio is currently 0.9 days. Currently, 10.4% of the shares of the stock are short sold.

MV Oil Trust Stock Up 14.7%

MVO stock opened at $1.56 on Friday. MV Oil Trust has a 12-month low of $0.97 and a 12-month high of $6.60. The company’s fifty day simple moving average is $1.38 and its 200 day simple moving average is $3.98. The firm has a market cap of $17.94 million, a price-to-earnings ratio of 1.50 and a beta of -0.13.

MV Oil Trust (NYSE:MVO) last released its earnings results on Monday, November 10th. The oil and gas producer reported $0.19 EPS for the quarter. The business had revenue of $2.36 million for the quarter.

MV Oil Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 16th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 35.9%. The ex-dividend date of this dividend was Friday, January 16th. MV Oil Trust’s dividend payout ratio is 53.85%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Allworth Financial LP acquired a new stake in shares of MV Oil Trust in the 2nd quarter worth about $55,000. Marshall Wace LLP purchased a new position in MV Oil Trust in the second quarter worth $88,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of MV Oil Trust in the 2nd quarter worth about $92,000. Institutional investors and hedge funds own 3.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of MV Oil Trust in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About MV Oil Trust

MV Oil Trust is an exchange-listed royalty trust that holds overriding royalty and net profits interests in oil and gas properties across the United States. As a non-operating entity, the trust does not engage in exploration or development; instead, it collects a share of production revenues after operating expenses are deducted.

The trust’s interests are primarily concentrated in onshore hydrocarbon fields in West Texas, providing unitholders with exposure to established production streams.