Cross Timbers Royalty Trust (NYSE:CRT) Short Interest Up 20.2% in November

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

Cross Timbers Royalty Trust Price Performance

Shares of CRT stock opened at $10.11 on Monday. The business’s fifty day moving average price is $10.49 and its 200 day moving average price is $10.54. Cross Timbers Royalty Trust has a 1-year low of $8.88 and a 1-year high of $18.99. 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 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 issued a dividend of $0.0927 per share. This represents a $1.11 dividend on an annualized basis and a yield of 11.00%. The ex-dividend date was Friday, November 29th. This is a positive change from Cross Timbers Royalty Trust’s previous monthly dividend of $0.06. Cross Timbers Royalty Trust’s dividend payout ratio is currently 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.