MV Oil Trust (NYSE:MVO) Short Interest Down 21.0% in August

Key Points

• MV Oil Trust experienced a significant 21.0% decline in short interest in August, with total short interest dropping to 245,200 shares.
• The stock price of MV Oil Trust is currently at $6.16, with a market capitalization of $70.86 million and a price-to-earnings ratio of 4.89.
• Recently, the company cut its quarterly dividend to $0.185 per share, resulting in an annualized dividend yield of 12.0%.

MV Oil Trust (NYSE:MVO - Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 245,200 shares, a decline of 21.0% from the August 15th total of 310,400 shares. Based on an average daily trading volume, of 73,100 shares, the days-to-cover ratio is currently 3.4 days. Currently, 2.1% of the company's shares are short sold. Currently, 2.1% of the company's shares are short sold. Based on an average daily trading volume, of 73,100 shares, the days-to-cover ratio is currently 3.4 days.

MV Oil Trust Trading Down 1.0%

Shares of NYSE:MVO traded down $0.06 during trading on Monday, hitting $6.09. 40,357 shares of the company's stock were exchanged, compared to its average volume of 90,388. MV Oil Trust has a 1-year low of $4.63 and a 1-year high of $10.31. The firm has a 50-day moving average price of $5.87 and a two-hundred day moving average price of $5.81. The firm has a market cap of $70.04 million, a P/E ratio of 4.83 and a beta of -0.01.

MV Oil Trust (NYSE:MVO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The oil and gas producer reported $0.28 EPS for the quarter. The business had revenue of $3.38 million for the quarter.

MV Oil Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Tuesday, July 15th were paid a dividend of $0.185 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $0.74 annualized dividend and a yield of 12.2%. MV Oil Trust's dividend payout ratio (DPR) is presently 58.73%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP bought a new position in MV Oil Trust during the 2nd quarter worth approximately $88,000. Allworth Financial LP bought a new stake in shares of MV Oil Trust during the second quarter worth approximately $55,000. Janney Montgomery Scott LLC bought a new stake in shares of MV Oil Trust in the second quarter valued at about $92,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in MV Oil Trust during the first quarter worth about $97,000. Institutional investors own 3.54% of the company's stock.

MV Oil Trust Company Profile

MV Oil Trust acquires and holds term net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties wells located in the Mid-Continent region in the states of Kansas and Colorado. MV Oil Trust was incorporated in 2006 and is based in Houston, Texas.