Fri Sep 20 07:16:59 UTC 2024: ## Dorchester Minerals Sees Short Interest Decline, Upgraded by StockNews.com

**Dorchester Minerals, L.P. (NASDAQ: DMLP)** experienced a notable drop in short interest during August, according to data released on September 20th. The total short interest fell by 6.4% to 407,900 shares, representing approximately 1.1% of the company’s outstanding stock.

This decrease in short interest comes on the heels of a positive rating upgrade from StockNews.com, which raised its rating for Dorchester Minerals from “hold” to “buy” on August 5th.

Dorchester Minerals recently reported strong earnings for the second quarter, with earnings per share (EPS) reaching $0.57. The company also announced a quarterly dividend of $0.702, representing an annualized dividend of $2.81 and a yield of 9.02%.

Further bolstering the company’s outlook, insider Minerals Operating Dorchester acquired 3,000 shares of Dorchester Minerals stock in July, demonstrating confidence in the company’s future prospects.

Institutional investors have also shown increased interest in Dorchester Minerals, with several firms expanding their holdings in recent quarters. Notable investors include Greenwich Investment Management Inc., Mirae Asset Global Investments Co. Ltd., ING Groep NV, Atomi Financial Group Inc., and Beacon Pointe Advisors LLC.

Dorchester Minerals specializes in acquiring and managing royalty properties across the United States, encompassing mineral, royalty, overriding royalty, net profits, and leasehold interests. The company’s portfolio spans 593 counties and parishes in 28 states.

Overall, the recent decrease in short interest, positive rating upgrade, strong earnings performance, and increased institutional investment suggest a positive outlook for Dorchester Minerals.

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