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

Permianville Royalty Trust (NYSE:PVL) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 70,300 shares, a decline of 33.6% from the January 15th total of 105,800 shares. Based on an average daily volume of 63,100 shares, the short-interest ratio is currently 1.1 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Permianville Royalty Trust stock. Ashton Thomas Private Wealth LLC bought a new stake in shares of Permianville Royalty Trust (NYSE:PVL) in the fourth quarter, according to the company in its most recent Form 13F filing 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 5.12% of Permianville Royalty Trust as of its most recent filing with the Securities and Exchange Commission. 6.78% of the stock is currently owned by institutional investors and hedge funds.

Permianville Royalty Trust Trading Up 0.7 %

Shares of NYSE:PVL traded up $0.01 on Friday, hitting $1.41. The company had a trading volume of 91,354 shares, compared to its average volume of 52,861. The stock has a 50 day moving average price of $1.45 and a 200 day moving average price of $1.57. The stock has a market cap of $46.37 million, a price-to-earnings ratio of 6.69 and a beta of 0.89. Permianville Royalty Trust has a 1-year low of $1.03 and a 1-year high of $1.96.

Permianville Royalty Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.0105 per share. The ex-dividend date was Friday, November 29th. This represents a $0.13 annualized dividend and a yield of 8.97%.

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.