Permianville Royalty Trust (NYSE:PVL) Short Interest Update

Permianville Royalty Trust (NYSE:PVL) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 89,100 shares, a drop of 26.2% from the October 31st total of 120,800 shares. Based on an average daily volume of 64,100 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.4% of the company’s shares are short sold.

Permianville Royalty Trust Price Performance

NYSE PVL traded up $0.02 during trading hours on Friday, reaching $1.59. The company’s stock had a trading volume of 44,623 shares, compared to its average volume of 42,546. The firm has a fifty day simple moving average of $1.58 and a 200-day simple moving average of $1.50. Permianville Royalty Trust has a 52 week low of $1.03 and a 52 week high of $2.04. The stock has a market cap of $52.47 million, a P/E ratio of 6.63 and a beta of 0.83.

Permianville Royalty Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.0105 per share. This represents a $0.13 annualized dividend and a dividend yield of 7.92%. The ex-dividend date is Friday, November 29th. Permianville Royalty Trust’s payout ratio is currently 75.00%.

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.