November 17, 2016 - By Ellis Scott · 0 Comments
The stock of TIDELANDS ROYALTY TRUST B UBI (OTCMKTS:TIRTZ) registered an increase of 100% in short interest. TIRTZ’s total short interest was 200 shares in November as published by FINRA. Its up 100% from 100 shares, reported previously. With 2,400 shares average volume, it will take short sellers 0 days to cover their TIRTZ’s short positions. The stock last traded at $0.95 per share. It is down 24.14% since April 15, 2016 and is uptrending. It has outperformed by 19.51% the S&P500.
Tidelands Royalty Trust B is a royalty trust. The company has a market cap of $1.32 million. The Trust is not permitted to engage in any business activity because it was organized for the sole purpose of providing an efficient orderly and practical means for the administration and liquidation of rights to interests in certain oil natural gas or other mineral leases obtained by Gulf Oil Corporation (Gulf) in a designated area of the Gulf of Mexico. It has a 5.92 P/E ratio. The Trust’s subsidiary, Tidelands Royalty “B” Corporation (Tidelands Corporation, collectively with the Trust, Tidelands), holds title to interests in properties that are situated offshore of Louisiana.
Tidelands Royalty Trust B (the Trust) is a royalty trust. The Trust is not permitted to engage in any business activity because it was organized for the sole purpose of providing an orderly and practical means for the administration and liquidation of rights to interests in certain oil, natural gas or other mineral leases obtained by Gulf Oil Corporation in a designated area of the Gulf of Mexico.
More important recent Tidelands Royalty Trust B (OTCMKTS:TIRTZ) news were published by: Prnewswire.com which released: “San Juan Basin Royalty Trust Unitholders Urged to Call Special Meeting to …” on September 01, 2016, also Prnewswire.com published article titled: “Southwest Bank Commences Mailing of Proxy Materials and Sends Letter to …”, Streetinsider.com published: “Extra Space Storage (EXR) Completes $1.4B Acquisition of SmartStop Self Storage” on October 01, 2015. More interesting news about Tidelands Royalty Trust B (OTCMKTS:TIRTZ) was released by: Themiddlemarket.com and their article: “Mid-Market M&A Tumbled in First Quarter to Lowest Point Since 2009” with publication date: May 09, 2016.
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By Ellis Scott