VOC Energy Trust (NYSE:VOC) Short Interest Up 31.8% in January

VOC Energy Trust (NYSE:VOC) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 72,987 shares, an increase of 31.8% from the January 15th total of 55,368 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 98,479 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 98,479 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.4% of the company’s stock are sold short.

VOC Energy Trust Stock Performance

VOC Energy Trust stock opened at $3.24 on Monday. The firm has a market capitalization of $55.01 million, a P/E ratio of 6.35 and a beta of 0.35. The company has a 50-day simple moving average of $2.91 and a 200-day simple moving average of $2.88. VOC Energy Trust has a one year low of $2.44 and a one year high of $3.94.

VOC Energy Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $0.36 annualized dividend and a yield of 11.1%. VOC Energy Trust’s payout ratio is presently 70.59%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in VOC Energy Trust during the 4th quarter valued at about $27,000. Janney Montgomery Scott LLC lifted its stake in shares of VOC Energy Trust by 152.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 42,733 shares of the oil and gas producer’s stock worth $122,000 after acquiring an additional 25,792 shares during the period. Finally, 180 Wealth Advisors LLC lifted its stake in shares of VOC Energy Trust by 19.7% in the 2nd quarter. 180 Wealth Advisors LLC now owns 276,729 shares of the oil and gas producer’s stock worth $791,000 after acquiring an additional 45,631 shares during the period.

Analysts Set New Price Targets

A number of research analysts have commented on VOC shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of VOC Energy Trust in a report on Monday, December 29th. Wall Street Zen upgraded VOC Energy Trust to a “hold” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, VOC Energy Trust has an average rating of “Sell”.

VOC Energy Trust Company Profile

VOC Energy Trust is a Canada-based unincorporated, open-ended royalty trust focused on upstream oil and gas interests. Headquartered in Calgary, Alberta, the trust holds non-operated royalty and net profit interests in conventional petroleum and natural gas properties. VOC’s structure allows it to collect a percentage of production revenues without directly managing exploration or drilling activities.

The trust’s asset portfolio is concentrated in the Western Canadian Sedimentary Basin, with producing properties across Alberta, Saskatchewan and British Columbia.