Short Interest in North European Oil Royalty Trust (NYSE:NRT) Rises By 18.0%

North European Oil Royalty Trust (NYSE:NRT) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 40,600 shares, an increase of 18.0% from the June 30th total of 34,400 shares. Based on an average daily volume of 21,500 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.4% of the company’s stock are short sold.

NYSE NRT traded up $0.03 during mid-day trading on Wednesday, hitting $7.48. The company’s stock had a trading volume of 48,707 shares, compared to its average volume of 21,113. The firm’s 50 day moving average price is $7.26. North European Oil Royalty Trust has a twelve month low of $5.12 and a twelve month high of $8.35. The stock has a market capitalization of $68.93 million, a price-to-earnings ratio of 9.62 and a beta of 0.47.

North European Oil Royalty Trust (NYSE:NRT) last posted its quarterly earnings data on Wednesday, May 15th. The energy company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $2.24 million for the quarter. North European Oil Royalty Trust had a net margin of 90.15% and a return on equity of 7,737.05%.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 11.76%. The ex-dividend date of this dividend is Thursday, August 15th.

An institutional investor recently bought a new position in North European Oil Royalty Trust stock. Lucas Capital Management acquired a new position in shares of North European Oil Royalty Trust (NYSE:NRT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,927 shares of the energy company’s stock, valued at approximately $206,000. Lucas Capital Management owned about 0.33% of North European Oil Royalty Trust at the end of the most recent reporting period. 14.41% of the stock is owned by institutional investors and hedge funds.

Separately, TheStreet downgraded shares of North European Oil Royalty Trust from a “b-” rating to a “c” rating in a research report on Wednesday, June 26th.

North European Oil Royalty Trust Company Profile

North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in concessions or leases in the Federal Republic of Germany. It holds rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.

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