Short Interest in Cross Timbers Royalty Trust (NYSE:CRT) Rises By 99.0%

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 20,300 shares, a growth of 99.0% from the February 13th total of 10,200 shares. Based on an average daily volume of 29,000 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the company's stock are sold short.

Cross Timbers Royalty Trust Trading Down 1.3 %

Shares of CRT traded down $0.14 during mid-day trading on Tuesday, hitting $10.78. The company's stock had a trading volume of 17,573 shares, compared to its average volume of 33,682. The company's 50-day moving average is $10.63 and its 200-day moving average is $10.33. Cross Timbers Royalty Trust has a 52-week low of $8.88 and a 52-week high of $15.52. The firm has a market capitalization of $64.68 million, a price-to-earnings ratio of 9.63 and a beta of 0.52.

Cross Timbers Royalty Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.0456 per share. The ex-dividend date was Friday, February 28th. This represents a $0.55 annualized dividend and a dividend yield of 5.08%. Cross Timbers Royalty Trust's dividend payout ratio (DPR) is presently 48.21%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Miracle Mile Advisors LLC bought a new position in shares of Cross Timbers Royalty Trust during the 4th quarter worth approximately $148,000. Citadel Advisors LLC bought a new position in shares of Cross Timbers Royalty Trust during the 4th quarter worth approximately $132,000. Finally, Beacon Pointe Advisors LLC bought a new position in shares of Cross Timbers Royalty Trust during the 4th quarter worth approximately $618,000. Institutional investors own 9.74% of the company's stock.

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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.