Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 20,300 shares, an increase of 99.0% from the February 13th total of 10,200 shares. Based on an average trading volume of 29,000 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are short sold.
Institutional Trading of Cross Timbers Royalty Trust
Several large investors have recently added to or reduced their stakes in CRT. Citadel Advisors LLC bought a new stake in Cross Timbers Royalty Trust in the fourth quarter worth $132,000. Miracle Mile Advisors LLC bought a new stake in Cross Timbers Royalty Trust in the fourth quarter worth $148,000. Finally, Beacon Pointe Advisors LLC bought a new stake in Cross Timbers Royalty Trust in the fourth quarter worth $618,000. 9.74% of the stock is owned by institutional investors and hedge funds.
Cross Timbers Royalty Trust Stock Up 1.6 %
Shares of CRT stock opened at $10.93 on Friday. The business has a 50 day moving average of $10.61 and a two-hundred day moving average of $10.32. The company has a market cap of $65.55 million, a P/E ratio of 9.75 and a beta of 0.52. Cross Timbers Royalty Trust has a 52 week low of $8.88 and a 52 week high of $17.20.
Cross Timbers Royalty Trust Cuts Dividend
About Cross Timbers Royalty Trust
Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits working interest in four properties in Texas and three properties in Oklahoma.
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