Cross Timbers Royalty Trust (NYSE:CRT) Sees Large Growth in Short Interest

Cross Timbers Royalty Trust (NYSE:CRT) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 11,300 shares, an increase of 20.2% from the November 15th total of 9,400 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 28,100 shares, the days-to-cover ratio is presently 0.4 days.

Cross Timbers Royalty Trust Stock Down 0.4 %

Shares of NYSE CRT traded down $0.04 during trading on Friday, hitting $10.11. 32,779 shares of the company traded hands, compared to its average volume of 33,751. The firm has a market capitalization of $60.66 million, a P/E ratio of 9.03 and a beta of 0.55. The company has a 50-day moving average price of $10.49 and a 200-day moving average price of $10.57. Cross Timbers Royalty Trust has a 1 year low of $8.88 and a 1 year high of $18.99.

Cross Timbers Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.0927 per share. The ex-dividend date was Friday, November 29th. This is a positive change from Cross Timbers Royalty Trust’s previous monthly dividend of $0.06. This represents a $1.11 annualized dividend and a yield of 11.00%. Cross Timbers Royalty Trust’s dividend payout ratio is currently 99.11%.

Cross Timbers Royalty Trust Company Profile

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.