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

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

Cross Timbers Royalty Trust Stock Performance

Shares of CRT stock traded down $0.04 during trading hours on Friday, reaching $10.11. The company had a trading volume of 32,779 shares, compared to its average volume of 33,751. The stock’s fifty day simple moving average is $10.49 and its 200 day simple moving average is $10.57. The company has a market capitalization of $60.66 million, a P/E ratio of 9.03 and a beta of 0.55. Cross Timbers Royalty Trust has a twelve month low of $8.88 and a twelve month high of $18.99.

Cross Timbers Royalty Trust Increases Dividend

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