Mesa Royalty Trust (NYSE:MTR) Short Interest Update

Mesa Royalty Trust (NYSE:MTR) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,793 shares, an increase of 311.2% from the August 15th total of 436 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 13,992 shares, the short-interest ratio is currently 0.1 days.

Mesa Royalty Trust Stock Performance

Shares of MTR traded down $0.04 during mid-day trading on Friday, hitting $2.42. The company’s stock had a trading volume of 8,576 shares, compared to its average volume of 15,518. Mesa Royalty Trust has a one year low of $2.17 and a one year high of $5.83. The firm has a market capitalization of $4.51 million, a PE ratio of 15.16 and a beta of 0.41. The stock’s 50-day moving average is $2.80 and its two-hundred day moving average is $3.83.

Mesa Royalty Trust (NYSE:MTR) last announced its earnings results on Friday, August 14th. The energy company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $0.16 million for the quarter. Mesa Royalty Trust had a net margin of 60.59% and a return on equity of 9.17%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Mesa Royalty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Mesa Royalty Trust has a consensus rating of “Sell”.

About Mesa Royalty Trust

Mesa Royalty Trust (NYSE: MTR) is a statutory trust that holds overriding royalty interests in oil and natural gas properties primarily located in the Permian Basin of Texas and New Mexico. Established in 1981 by Mesa Production Oil & Gas, Inc, the trust’s portfolio comprises interests in thousands of producing wells across key producing areas, including the Midland, Delaware and Central Basin platforms. These interests provide the trust with net revenue rights to a portion of the hydrocarbons produced from the underlying formations.

The trust’s core business activity is the collection and distribution of royalty income derived from the sale of crude oil, natural gas and natural gas liquids (NGLs).