San Juan Basin Royalty Trust (NYSE:SJT) Short Interest Update

San Juan Basin Royalty Trust (NYSE:SJT) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 645,400 shares, a decline of 15.1% from the July 31st total of 760,000 shares. Based on an average trading volume of 141,400 shares, the short-interest ratio is presently 4.6 days. Approximately 1.5% of the shares of the stock are short sold.

SJT traded down $0.02 during midday trading on Thursday, reaching $2.27. 71,300 shares of the company’s stock were exchanged, compared to its average volume of 142,816. The business’s 50-day moving average price is $2.70 and its 200 day moving average price is $4.05. San Juan Basin Royalty Trust has a 1-year low of $2.18 and a 1-year high of $6.25.

San Juan Basin Royalty Trust (NYSE:SJT) last announced its earnings results on Friday, August 9th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $2.42 million during the quarter. San Juan Basin Royalty Trust had a net margin of 91.68% and a return on equity of 297.94%.



Institutional investors and hedge funds have recently made changes to their positions in the business. Lesa Sroufe & Co raised its position in San Juan Basin Royalty Trust by 28.3% during the second quarter. Lesa Sroufe & Co now owns 15,725 shares of the oil and gas producer’s stock worth $60,000 after acquiring an additional 3,465 shares during the last quarter. Mariner Investment Group LLC acquired a new position in shares of San Juan Basin Royalty Trust in the first quarter valued at approximately $78,000. Wealthsource Partners LLC raised its position in shares of San Juan Basin Royalty Trust by 8.5% in the second quarter. Wealthsource Partners LLC now owns 205,924 shares of the oil and gas producer’s stock valued at $789,000 after buying an additional 16,154 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of San Juan Basin Royalty Trust by 2.1% in the second quarter. Wells Fargo & Company MN now owns 253,319 shares of the oil and gas producer’s stock valued at $971,000 after buying an additional 5,168 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of San Juan Basin Royalty Trust by 0.8% in the first quarter. Royce & Associates LP now owns 782,927 shares of the oil and gas producer’s stock valued at $4,204,000 after buying an additional 6,177 shares during the last quarter. Institutional investors own 17.87% of the company’s stock.

About San Juan Basin Royalty Trust

San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest carved out of Southland's oil and natural gas interests (the subject interests) in properties located in the San Juan Basin in northwestern New Mexico. The subject interests consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net producing acres in San Juan, Rio Arriba, and Sandoval Counties of northwestern New Mexico, as well as 828.1 net wells.

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