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

Cross Timbers Royalty Trust (NYSE:CRT) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 9,100 shares, a decrease of 19.5% from the November 30th total of 11,300 shares. Based on an average daily volume of 29,200 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Cross Timbers Royalty Trust Trading Down 2.9 %

CRT opened at $9.61 on Friday. The company’s 50 day moving average is $10.26 and its 200 day moving average is $10.28. The company has a market cap of $57.66 million, a price-to-earnings ratio of 8.58 and a beta of 0.55. Cross Timbers Royalty Trust has a 12-month low of $8.88 and a 12-month high of $18.49.

Cross Timbers Royalty Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.0623 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date of this dividend is Tuesday, December 31st. Cross Timbers Royalty Trust’s payout ratio is 66.07%.

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.