MV Oil Trust (NYSE:MVO) Short Interest Down 40.7% in September

Key Points

• MV Oil Trust (NYSE:MVO) experienced a 40.7% decrease in short interest in September, dropping from 245,200 shares to 145,300 shares.
• The stock recently opened at $5.83 and has a market capitalization of $67.05 million, with a PE ratio of 4.63.
• Weiss Ratings reaffirmed a "sell (d+)" rating for MV Oil Trust, indicating a cautious outlook from analysts regarding the stock's performance.

MV Oil Trust (NYSE:MVO - Get Free Report) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 145,300 shares, a drop of 40.7% from the August 31st total of 245,200 shares. Based on an average daily trading volume, of 70,800 shares, the short-interest ratio is currently 2.1 days. Based on an average daily trading volume, of 70,800 shares, the short-interest ratio is currently 2.1 days.

MV Oil Trust Stock Up 1.6%

Shares of MVO opened at $5.83 on Friday. MV Oil Trust has a 52-week low of $4.63 and a 52-week high of $10.31. The company has a market capitalization of $67.05 million, a PE ratio of 4.63 and a beta of -0.11. The stock has a fifty day simple moving average of $5.87 and a two-hundred day simple moving average of $5.83.

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

Hedge Funds Weigh In On MV Oil Trust

Several institutional investors and hedge funds have recently bought and sold shares of MVO. Kingswood Wealth Advisors LLC acquired a new stake in shares of MV Oil Trust during the 1st quarter worth approximately $97,000. Marshall Wace LLP acquired a new position in MV Oil Trust in the second quarter valued at approximately $88,000. Allworth Financial LP purchased a new position in MV Oil Trust in the second quarter worth approximately $55,000. Finally, Janney Montgomery Scott LLC purchased a new position in MV Oil Trust in the second quarter worth approximately $92,000. 3.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of MV Oil Trust in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, MV Oil Trust currently has an average rating of "Sell".

About MV Oil Trust

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.

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