Does Mesabi Trust (NYSE:MSB) Have Gas After Even Less Sellers Involved?

July 17, 2017 - By Henry Gaston

 Does Mesabi Trust (NYSE:MSB) Have Gas After Even Less Sellers Involved?

Investors sentiment increased to 6 in Q4 2016. Its up 5.00, from 1 in 2016Q3. It improved, as 1 investors sold Mesabi Trust shares while 2 reduced holdings. 6 funds opened positions while 12 raised stakes. 3.60 million shares or 113.70% more from 1.68 million shares in 2016Q3 were reported.
Sfe Counsel reported 358,254 shares. Lucas Capital Mgmt holds 0.19% in Mesabi Trust (NYSE:MSB) or 24,910 shares. Valueworks Limited accumulated 204,162 shares or 1.72% of the stock. Creative Planning, Kansas-based fund reported 700 shares. Hodges Cap Incorporated owns 95,700 shares or 0.05% of their US portfolio. California Public Employees Retirement Systems, California-based fund reported 48,200 shares. Beddow Cap Management Incorporated holds 2.75% or 645,896 shares in its portfolio. Da Davidson Co holds 12,612 shares. D E Shaw invested 0% in Mesabi Trust (NYSE:MSB). Comml Bank Of America Corporation De invested 0% in Mesabi Trust (NYSE:MSB). Alexandria Cap Ltd has invested 0% in Mesabi Trust (NYSE:MSB). Jpmorgan Chase invested in 0% or 37,399 shares. Winslow Evans Crocker Incorporated reported 152 shares. Us National Bank De holds 200 shares or 0% of its portfolio. Wells Fargo & Communication Mn reported 0% of its portfolio in Mesabi Trust (NYSE:MSB).

The stock of Mesabi Trust (NYSE:MSB) registered a decrease of 24.86% in short interest. MSB’s total short interest was 40,500 shares in July as published by FINRA. Its down 24.86% from 53,900 shares, reported previously. With 34,100 shares average volume, it will take short sellers 1 days to cover their MSB’s short positions. The short interest to Mesabi Trust’s float is 0.31%.

About 19,511 shares traded. Mesabi Trust (NYSE:MSB) has risen 59.04% since July 17, 2016 and is uptrending. It has outperformed by 42.34% the S&P500.

Mesabi Trust is a royalty trust. The purpose of the Trust is to conserve and protect the Trust Estate. The company has market cap of $176.67 million. The Trust operates in the iron ore mining segment. It has a 13.6 P/E ratio. The Trust derives income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range.

More notable recent Mesabi Trust (NYSE:MSB) news were published by: Seekingalpha.com which released: “Mesabi Trust Is Undervalued And With Iron Ore Price Upside And No Capex” on December 23, 2015, also Nasdaq.com with their article: “Mesabi Trust (MSB) Ex-Dividend Date Scheduled for April 26, 2017” published on April 25, 2017, Marketwatch.com published: “13.85” on October 08, 2010. More interesting news about Mesabi Trust (NYSE:MSB) were released by: Seekingalpha.com and their article: “Mesabi Royalty Trust – A Long-Life Asset With Massive Operating Leverage” published on June 27, 2013 as well as Seekingalpha.com‘s news article titled: “Mesabi Trust – 66% Upside To Fair Value” with publication date: April 13, 2017.

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