Short Interest in Permianville Royalty Trust (NYSE:PVL) Rises By 300.0%

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

Permianville Royalty Trust Stock Up 1.7%

Shares of Permianville Royalty Trust stock traded up $0.03 on Friday, reaching $1.83. 19,829 shares of the stock were exchanged, compared to its average volume of 79,740. The business has a 50 day moving average price of $1.54 and a two-hundred day moving average price of $1.50. The firm has a market capitalization of $60.39 million, a price-to-earnings ratio of 8.72 and a beta of 0.38. Permianville Royalty Trust has a twelve month low of $1.03 and a twelve month high of $1.96.

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

Permianville Royalty Trust Announces Dividend

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

Hedge Funds Weigh In On Permianville Royalty Trust

A hedge fund recently bought a new stake in Permianville Royalty Trust stock. Mariner LLC purchased a new stake in shares of Permianville Royalty Trust (NYSE:PVL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 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 quarter. Institutional investors and hedge funds own 6.78% of the company's stock.

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.