Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 20,300 shares, an increase of 99.0% from the February 13th total of 10,200 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 29,000 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Trading of Cross Timbers Royalty Trust
A number of institutional investors have recently bought and sold shares of CRT. Beacon Pointe Advisors LLC purchased a new stake in Cross Timbers Royalty Trust during the 4th quarter valued at approximately $618,000. Miracle Mile Advisors LLC acquired a new position in Cross Timbers Royalty Trust during the 4th quarter worth approximately $148,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Cross Timbers Royalty Trust in the 4th quarter worth approximately $132,000. 9.74% of the stock is owned by hedge funds and other institutional investors.
Cross Timbers Royalty Trust Stock Up 1.6 %
CRT stock opened at $10.93 on Friday. Cross Timbers Royalty Trust has a 52-week low of $8.88 and a 52-week high of $17.20. The business has a fifty day moving average of $10.61 and a two-hundred day moving average of $10.32. The stock has a market cap of $65.55 million, a price-to-earnings ratio of 9.75 and a beta of 0.52.
Cross Timbers Royalty Trust Cuts Dividend
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.
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