Permianville Royalty Trust (NYSE:PVL - Get Free Report) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 89,100 shares, a decline of 26.2% from the October 31st total of 120,800 shares. Based on an average daily volume of 64,100 shares, the short-interest ratio is currently 1.4 days. Approximately 0.4% of the company's shares are sold short.
PVL stock remained flat at $1.59 during trading on Friday. The company's stock had a trading volume of 44,623 shares, compared to its average volume of 89,170. The firm's 50-day simple moving average is $1.59 and its 200 day simple moving average is $1.50. Permianville Royalty Trust has a 1 year low of $1.03 and a 1 year high of $2.04. The firm has a market cap of $52.31 million, a price-to-earnings ratio of 6.58 and a beta of 0.83.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.0105 per share. This represents a $0.13 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date of this dividend is Friday, November 29th. Permianville Royalty Trust's dividend payout ratio is presently 75.00%.
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.
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