Permianville Royalty Trust (NYSE:PVL) Short Interest Up 32.9% in February

Permianville Royalty Trust (NYSE:PVL) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 93,400 shares, a growth of 32.9% from the January 31st total of 70,300 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 63,500 shares, the short-interest ratio is currently 1.5 days.

Hedge Funds Weigh In On Permianville Royalty Trust

A hedge fund recently bought a new stake in Permianville Royalty Trust stock. Mariner LLC bought a new stake in shares of Permianville Royalty Trust (NYSE:PVL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,004 shares of the company’s stock, valued at approximately $27,000. Mariner LLC owned approximately 0.06% of Permianville Royalty Trust as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 6.78% of the company’s stock.

Permianville Royalty Trust Stock Performance

PVL opened at $1.51 on Thursday. The stock has a market capitalization of $49.83 million, a price-to-earnings ratio of 7.19 and a beta of 0.89. The company has a fifty day moving average of $1.44 and a 200 day moving average of $1.55. Permianville Royalty Trust has a fifty-two week low of $1.03 and a fifty-two week high of $1.96.

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.