Permianville Royalty Trust (NYSE:PVL) Short Interest Up 300.0% in May

Permianville Royalty Trust (NYSE:PVL - Get Free Report) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 40,400 shares, an increase of 300.0% from the May 15th total of 10,100 shares. Currently, 0.2% of the company's stock are short sold. Based on an average daily trading volume, of 79,600 shares, the short-interest ratio is currently 0.5 days.

Permianville Royalty Trust Stock Performance

Permianville Royalty Trust stock traded up $0.05 during mid-day trading on Friday, reaching $1.85. 47,611 shares of the company were exchanged, compared to its average volume of 79,873. The business has a fifty day moving average of $1.55 and a 200 day moving average of $1.50. The firm has a market cap of $61.02 million, a P/E ratio of 8.81 and a beta of 0.38. Permianville Royalty Trust has a 12-month low of $1.03 and a 12-month high of $1.96.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $14.27 million during the quarter. Permianville Royalty Trust had a return on equity of 13.73% and a net margin of 12.60%.

Permianville Royalty Trust Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were given a $0.0085 dividend. The ex-dividend date of this dividend was Monday, March 31st. Permianville Royalty Trust's payout ratio is 88.89%.

Institutional Trading of Permianville Royalty Trust

An institutional investor recently bought a new position in Permianville Royalty Trust stock. Mariner LLC acquired a new position in Permianville Royalty Trust (NYSE:PVL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,004 shares of the company's stock, valued at approximately $27,000. Mariner LLC owned approximately 0.06% of Permianville Royalty Trust at the end of the most recent reporting period. 6.78% of the stock is currently owned by hedge funds and other 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.