Mesabi Trust (MSB) News Today

OFI Invest Asset Management purchased a new stake in Mesabi Trust (NYSE:MSB - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 35,800 shares of the mining company's stock, valued at approximately $576,000. A number of other hedge funds and

Raymond James & Associates boosted its holdings in shares of Mesabi Trust (NYSE:MSB - Free Report) by 43.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,798 shares of the mining company's stock aft

Mesabi Trust (NYSE:MSB - Get Rating) was the target of a large decline in short interest during the month of December. As of December 30th, there was short interest totalling 265,500 shares, a decline of 19.6% from the December 15th total of 330,100 shares. Based on an average daily volume of 75,500 shares, the short-interest ratio is currently 3.5 days. Approximately 2.0% of the company's stock are short sold.

Mesabi Trust (NYSE:MSB - Get Rating) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 244,000 shares, a growth of 18.6% from the August 15th total of 205,700 shares. Based on an average daily volume of 62,700 shares, the short-interest ratio is presently 3.9 days. Currently, 1.9% of the company's stock are short sold.

TheStreet lowered Mesabi Trust from a "b" rating to a "c+" rating in a research note on Thursday.

Mesabi Trust (NYSE:MSB - Get Rating) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 154,700 shares, a growth of 16.9% from the June 30th total of 132,300 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily volume of 67,100 shares, the short-interest ratio is currently 2.3 days.

Mesabi Trust (NYSE:MSB) declared a quarterly dividend on Friday, July 15th. Stockholders of record on Saturday, July 30th will be paid a dividend of 0.84 per share by the mining company on Saturday, August 20th. This represents a $3.36 annualized dividend and a dividend yield of 11.77%. The ex-dividend date of this dividend is Thursday, July 28th.

Mesabi Trust (NYSE:MSB - Get Rating) was the recipient of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 123,100 shares, a decline of 20.4% from the May 15th total of 154,700 shares. Based on an average daily trading volume, of 83,000 shares, the short-interest ratio is presently 1.5 days. Approximately 0.9% of the company's shares are sold short.

Mesabi Trust (NYSE:MSB - Get Rating) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 154,700 shares, a decrease of 34.5% from the April 30th total of 236,300 shares. Based on an average daily volume of 93,200 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.2% of the company's stock are short sold.

Mesabi Trust (NYSE:MSB) announced a quarterly dividend on Thursday, April 14th. Investors of record on Saturday, April 30th will be paid a dividend of 1.04 per share by the mining company on Friday, May 20th. This represents a $4.16 annualized dividend and a dividend yield of 15.57%. The ex-dividend date of this dividend is Thursday, April 28th.