Permianville Royalty Trust (NYSE:PVL) Sees Large Decline in Short Interest

Permianville Royalty Trust (NYSE:PVL - Get Free Report) saw a large decrease in short interest in May. As of May 15th, there was short interest totalling 10,100 shares, a decrease of 59.8% from the April 30th total of 25,100 shares. Based on an average daily volume of 65,500 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company's stock are short sold.

Permianville Royalty Trust Stock Performance

Shares of PVL remained flat at $1.62 during trading on Monday. The company's stock had a trading volume of 89,488 shares, compared to its average volume of 77,153. The business's fifty day moving average price is $1.50 and its two-hundred day moving average price is $1.49. Permianville Royalty Trust has a one year low of $1.03 and a one year high of $1.96. The company has a market cap of $53.46 million, a P/E ratio of 7.71 and a beta of 0.41.

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

Permianville Royalty Trust Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, April 14th. Shareholders 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%.

Hedge Funds Weigh In On Permianville Royalty Trust

An institutional investor recently bought a new position in Permianville Royalty Trust stock. Ashton Thomas Private Wealth LLC bought a new stake in Permianville Royalty Trust (NYSE:PVL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,690,973 shares of the company's stock, valued at approximately $2,300,000. Ashton Thomas Private Wealth LLC owned approximately 5.12% of Permianville Royalty Trust as of its most recent SEC filing. 6.78% of the stock is currently owned by hedge funds and other institutional investors.

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.