Mesa Royalty Trust (NYSE:MTR) Short Interest Down 22.1% in December

Mesa Royalty Trust (NYSE:MTR) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 6,700 shares, a decrease of 22.1% from the December 15th total of 8,600 shares. Based on an average daily volume of 9,900 shares, the short-interest ratio is currently 0.7 days. Approximately 0.4% of the shares of the company are sold short.

Mesa Royalty Trust Price Performance

Shares of MTR traded down $0.11 on Friday, reaching $6.74. The company’s stock had a trading volume of 3,781 shares, compared to its average volume of 8,689. Mesa Royalty Trust has a 12-month low of $5.60 and a 12-month high of $11.99. The stock has a market capitalization of $12.53 million, a P/E ratio of 14.33 and a beta of 0.66. The stock’s 50 day simple moving average is $6.48 and its two-hundred day simple moving average is $6.70.

Mesa Royalty Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.0057 per share. This is an increase from Mesa Royalty Trust’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.07 dividend on an annualized basis and a dividend yield of 1.01%. Mesa Royalty Trust’s payout ratio is presently 55.32%.

About Mesa Royalty Trust

Mesa Royalty Trust owns overriding royalty interests in various oil and gas producing properties in the United States. It holds interests in properties located in the Hugoton field of Kansas; and the San Juan Basin field of Northwestern New Mexico and Southwestern Colorado. The company was founded in 1979 and is based in Houston, Texas.