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%.
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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