MV Oil Trust (NYSE:MVO - Get Free Report) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 555,700 shares, a growth of 22.1% from the February 28th total of 455,200 shares. Based on an average daily volume of 115,200 shares, the days-to-cover ratio is currently 4.8 days. Approximately 4.8% of the shares of the company are sold short.
Institutional Trading of MV Oil Trust
An institutional investor recently bought a new position in MV Oil Trust stock. Marshall Wace LLP purchased a new position in shares of MV Oil Trust (NYSE:MVO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 37,434 shares of the oil and gas producer's stock, valued at approximately $301,000. Marshall Wace LLP owned approximately 0.33% of MV Oil Trust at the end of the most recent quarter. 3.54% of the stock is currently owned by hedge funds and other institutional investors.
MV Oil Trust Stock Performance
Shares of MVO stock traded up $0.30 on Monday, hitting $5.53. The company's stock had a trading volume of 103,020 shares, compared to its average volume of 73,859. MV Oil Trust has a fifty-two week low of $4.63 and a fifty-two week high of $11.39. The stock's 50 day moving average is $5.45 and its 200-day moving average is $7.60. The company has a market capitalization of $63.54 million, a PE ratio of 3.49 and a beta of 0.22.
MV Oil Trust (NYSE:MVO - Get Free Report) last announced its earnings results on Thursday, March 20th. The oil and gas producer reported $1.02 EPS for the quarter. The business had revenue of $12.68 million for the quarter.
Analysts Set New Price Targets
Separately, StockNews.com cut MV Oil Trust from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th.
Check Out Our Latest Report on MVO
MV Oil Trust Company Profile
(
Get Free Report)
MV Oil Trust acquires and holds term net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties wells located in the Mid-Continent region in the states of Kansas and Colorado. MV Oil Trust was incorporated in 2006 and is based in Houston, Texas.
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