Cross Timbers Royalty Trust (NYSE:CRT) Sees Significant Increase in Short Interest

Cross Timbers Royalty Trust (NYSE:CRT) was the recipient of a significant 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. Based on an average trading volume of 28,100 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

Cross Timbers Royalty Trust Stock Down 0.4 %

NYSE:CRT opened at $10.11 on Monday. The stock has a market cap of $60.66 million, a price-to-earnings ratio of 9.03 and a beta of 0.55. The company’s 50 day moving average price is $10.49 and its 200-day moving average price is $10.54. Cross Timbers Royalty Trust has a 52 week low of $8.88 and a 52 week high of $18.99.

Cross Timbers Royalty Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.0927 per share. The ex-dividend date was Friday, November 29th. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.06. This represents a $1.11 annualized dividend and a dividend yield of 11.00%. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is 99.11%.

About Cross Timbers Royalty Trust

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.