North European Oil Royality Trust (NYSE:NRT) Sees Significant Increase in Short Interest

North European Oil Royality Trust (NYSE:NRT) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 65,700 shares, a growth of 167.1% from the August 31st total of 24,600 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 34,600 shares, the short-interest ratio is presently 1.9 days. Based on an average trading volume of 34,600 shares, the short-interest ratio is presently 1.9 days. Currently, 0.7% of the company’s stock are sold short.

North European Oil Royality Trust Trading Down 0.1%

Shares of NRT opened at $5.60 on Friday. The company has a market cap of $51.42 million and a price-to-earnings ratio of 9.99. North European Oil Royality Trust has a 1-year low of $3.88 and a 1-year high of $5.87. The company’s fifty day simple moving average is $5.30 and its 200 day simple moving average is $4.96.

North European Oil Royality Trust (NYSE:NRT) last posted its quarterly earnings results on Friday, August 29th. The energy company reported $0.26 earnings per share (EPS) for the quarter. North European Oil Royality Trust had a net margin of 88.33% and a return on equity of 343.87%. The firm had revenue of $2.62 million for the quarter.

North European Oil Royality Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Friday, August 15th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, August 15th. This is an increase from North European Oil Royality Trust’s previous quarterly dividend of $0.20. This represents a $1.04 dividend on an annualized basis and a yield of 18.6%. North European Oil Royality Trust’s dividend payout ratio is 185.71%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of North European Oil Royality Trust in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Hedge Funds Weigh In On North European Oil Royality Trust

Institutional investors have recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC acquired a new stake in shares of North European Oil Royality Trust in the second quarter valued at approximately $19,341,000. Peapack Gladstone Financial Corp raised its stake in North European Oil Royality Trust by 57.0% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock valued at $223,000 after acquiring an additional 16,200 shares during the period. Bank of America Corp DE raised its stake in North European Oil Royality Trust by 210.5% in the 2nd quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock valued at $148,000 after acquiring an additional 20,000 shares during the period. Finally, Jane Street Group LLC acquired a new stake in North European Oil Royality Trust during the 1st quarter valued at $60,000. Institutional investors and hedge funds own 6.97% of the company’s stock.

About North European Oil Royality Trust

North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany. The company also has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.