Permianville Royalty Trust (NYSE:PVL) Sees Large Increase in Short Interest

Key Points

• Short interest in Permianville Royalty Trust increased significantly by 146.3% from August 15th to August 31st, reaching a total of 84,000 shares.
• The company recently announced a monthly dividend of $0.016 per share, with an annualized yield of 9.5% and a payout ratio of 190.00%.
• Permianville Royalty Trust's stock has a market cap of $66.50 million and traded at $2.02, with a fifty-two week range of $1.30 to $2.04.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 84,000 shares, a growth of 146.3% from the August 15th total of 34,100 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 60,400 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 60,400 shares, the short-interest ratio is currently 1.4 days. Currently, 0.4% of the shares of the company are sold short.

Permianville Royalty Trust Stock Performance

NYSE PVL traded up $0.01 on Friday, reaching $2.02. 36,282 shares of the company's stock traded hands, compared to its average volume of 62,630. The firm has a market cap of $66.50 million, a price-to-earnings ratio of 20.15 and a beta of 0.56. The stock has a 50 day moving average price of $1.88 and a 200-day moving average price of $1.69. Permianville Royalty Trust has a fifty-two week low of $1.30 and a fifty-two week high of $2.04.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $11.22 million during the quarter. Permianville Royalty Trust had a net margin of 5.79% and a return on equity of 7.18%.

Permianville Royalty Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.016 per share. The ex-dividend date is Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 9.5%. Permianville Royalty Trust's payout ratio is currently 190.00%.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust operates as a statutory trust. It is involved in the acquisition and holding of net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico.

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