Short Interest in Permianville Royalty Trust (NYSE:PVL) Drops 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 large drop in short interest during the month of August. As of August 15th, there was short interest totaling 34,100 shares, adropof58.5% from the July 31st total of 82,100 shares. Currently,0.1% of the company's shares are short sold. Based on an average daily trading volume, of 79,800 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 79,800 shares, the short-interest ratio is presently 0.4 days. Currently,0.1% of the company's shares are short sold.

Institutional Investors Weigh In On Permianville Royalty Trust

A hedge fund recently bought a new stake in Permianville Royalty Trust stock. Mariner LLC bought a new position in shares of Permianville Royalty Trust (NYSE:PVL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 20,004 shares of the company's stock, valued at approximately $27,000. Mariner LLC owned about 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 Stock Down 0.2%

Permianville Royalty Trust stock traded down $0.01 during trading on Tuesday, reaching $2.00. The stock had a trading volume of 10,319 shares, compared to its average volume of 67,260. Permianville Royalty Trust has a 52-week low of $1.30 and a 52-week high of $2.04. The stock has a market cap of $65.84 million, a PE ratio of 19.95 and a beta of 0.56. The business has a 50 day moving average price of $1.87 and a 200 day moving average price of $1.68.

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

Permianville Royalty Trust Dividend Announcement

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