Permianville Royalty Trust (NYSE:PVL) Short Interest Up 32.9% in February

Permianville Royalty Trust (NYSE:PVL) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 93,400 shares, a growth of 32.9% from the January 31st total of 70,300 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 63,500 shares, the short-interest ratio is currently 1.5 days.

Hedge Funds Weigh In On Permianville Royalty Trust

A hedge fund recently bought a new stake in Permianville Royalty Trust stock. Mariner LLC acquired a new position in Permianville Royalty Trust (NYSE:PVL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,004 shares of the company’s stock, valued at approximately $27,000. Mariner LLC owned approximately 0.06% of Permianville Royalty Trust as of its most recent SEC filing. 6.78% of the stock is currently owned by institutional investors.

Permianville Royalty Trust Stock Up 3.4 %

Shares of NYSE:PVL opened at $1.51 on Thursday. Permianville Royalty Trust has a 52 week low of $1.03 and a 52 week high of $1.96. The stock has a market capitalization of $49.83 million, a P/E ratio of 7.19 and a beta of 0.89. The firm has a fifty day simple moving average of $1.44 and a two-hundred day simple moving average of $1.55.

About Permianville Royalty Trust

Permianville Royalty Trust operates as a statutory trust. It is involved in the acquisition and holding of net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico.