Short Interest in Permianville Royalty Trust (NYSE:PVL) Declines By 58.5%

Key Points

• Permianville Royalty Trust experienced a significant decrease in short interest, dropping by 58.5% in August, with 34,100 shares shorted as of August 15th.
• The stock of Permianville Royalty Trust increased by 2.3% to reach $2.02, with a market capitalization of $66.50 million and a price-to-earnings ratio of 20.15.
• Permianville Royalty Trust announced a monthly dividend of $0.016 per share, yielding 9.5%, to be paid on September 15th, with an ex-dividend date of August 29th.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totaling 34,100 shares, adecreaseof58.5% from the July 31st total of 82,100 shares. Based on an average daily trading volume, of 79,800 shares, the short-interest ratio is presently 0.4 days. Approximately0.1% of the shares of the company are sold short. Approximately0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 79,800 shares, the short-interest ratio is presently 0.4 days.

Permianville Royalty Trust Price Performance

Shares of NYSE:PVL traded down $0.02 on Friday, reaching $2.01. The company's stock had a trading volume of 17,659 shares, compared to its average volume of 66,434. The stock's 50-day moving average is $1.86 and its two-hundred day moving average is $1.67. Permianville Royalty Trust has a 52-week low of $1.30 and a 52-week high of $2.04. The stock has a market capitalization of $66.17 million, a P/E ratio of 20.05 and a beta of 0.56.

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

Permianville Royalty Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.016 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date is Friday, August 29th. Permianville Royalty Trust's payout ratio is 190.00%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Permianville Royalty Trust stock. Mariner LLC purchased a new position in shares of Permianville Royalty Trust (NYSE:PVL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,004 shares of the company's stock, valued at approximately $27,000. Mariner LLC owned 0.06% of Permianville Royalty Trust as of its most recent SEC filing. 6.78% of the stock is currently owned by institutional investors.

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.