Permian Basin Royalty Trust (NYSE:PBT) Sees Large Increase in Short Interest
Permian Basin Royalty Trust (NYSE:PBT) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 316,200 shares, a growth of 18.6% from the September 30th total of 266,600 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 133,000 shares, the days-to-cover ratio is currently 2.4 days.
PBT traded down $0.12 on Thursday, reaching $3.85. 175,400 shares of the company’s stock were exchanged, compared to its average volume of 113,071. The stock has a market cap of $184.02 million, a PE ratio of 8.12 and a beta of 0.80. Permian Basin Royalty Trust has a twelve month low of $3.81 and a twelve month high of $8.50. The stock’s fifty day moving average price is $4.35 and its 200-day moving average price is $5.26.
The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.0277 per share. The ex-dividend date is Wednesday, October 30th. This represents a $0.33 dividend on an annualized basis and a yield of 8.64%.
Permian Basin Royalty Trust Company Profile
Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, University-Waddell, and Waddell fields located in Crane County, Texas.
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