PERMIANVILLE ROYALTY TRUST (NYSE:PVL) Short Interest Update

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) was the target of a large growth in short interest in 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. Based on an average daily volume of 60,400 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.4% of the company's shares are sold short. Currently, 0.4% of the company's shares are sold short. Based on an average daily volume of 60,400 shares, the days-to-cover ratio is currently 1.4 days.

PERMIANVILLE ROYALTY TRUST Stock Performance

Shares of PERMIANVILLE ROYALTY TRUST stock traded up $0.02 during trading on Thursday, hitting $2.03. The company's stock had a trading volume of 156,287 shares, compared to its average volume of 52,328. The company has a fifty day simple moving average of $1.89 and a two-hundred day simple moving average of $1.70. The company has a market capitalization of $66.99 million, a PE ratio of 20.10 and a beta of 0.56. PERMIANVILLE ROYALTY TRUST has a 52 week low of $1.30 and a 52 week high of $2.04.

PERMIANVILLE ROYALTY TRUST (NYSE:PVL - Get Free Report) last issued its quarterly 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 company also recently disclosed a monthly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.016 per share. This represents a c) dividend on an annualized basis and a yield of 9.5%. The ex-dividend date was Friday, August 29th. PERMIANVILLE ROYALTY TRUST's dividend payout ratio (DPR) is currently 190.00%.

About PERMIANVILLE ROYALTY TRUST

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.