Cross Timbers Royalty Trust (NYSE:CRT) Short Interest Update

Cross Timbers Royalty Trust (NYSE:CRT) saw 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 daily volume of 28,100 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Cross Timbers Royalty Trust Stock Performance

NYSE:CRT opened at $10.11 on Monday. The stock has a 50-day simple moving average of $10.49 and a two-hundred day simple moving average of $10.54. The firm has a market capitalization of $60.66 million, a PE ratio of 9.03 and a beta of 0.55. 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 business also recently disclosed a monthly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.0927 per share. The ex-dividend date of this dividend was Friday, November 29th. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.06. This represents a $1.11 dividend on an annualized basis and a dividend yield of 11.00%. Cross Timbers Royalty Trust’s payout ratio 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.