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

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) saw a significant decline in short interest in December. As of December 15th, there was short interest totalling 9,100 shares, a decline of 19.5% from the November 30th total of 11,300 shares. Based on an average trading volume of 29,200 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company's stock are short sold.

Cross Timbers Royalty Trust Stock Down 2.9 %

Shares of CRT traded down $0.29 during mid-day trading on Friday, hitting $9.61. 47,512 shares of the company's stock were exchanged, compared to its average volume of 33,880. The stock has a market cap of $57.66 million, a price-to-earnings ratio of 8.58 and a beta of 0.55. The firm has a fifty day moving average of $10.26 and a two-hundred day moving average of $10.26. Cross Timbers Royalty Trust has a twelve month low of $8.88 and a twelve month high of $18.49.

Cross Timbers Royalty Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.0623 per share. This represents a $0.75 annualized dividend and a yield of 7.78%. The ex-dividend date 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.