Royalty Management Holding Co. (NASDAQ:RMCO) Sees Significant Increase in Short Interest

Royalty Management Holding Co. (NASDAQ:RMCO) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 131,100 shares, an increase of 201.4% from the February 29th total of 43,500 shares. Approximately 29.2% of the company’s stock are short sold. Based on an average daily volume of 778,500 shares, the short-interest ratio is presently 0.2 days.

Royalty Management Price Performance

Shares of NASDAQ:RMCO traded down $0.03 on Thursday, reaching $1.16. The company had a trading volume of 16,437 shares, compared to its average volume of 183,391. The company has a 50-day moving average of $1.39. Royalty Management has a twelve month low of $1.10 and a twelve month high of $22.97.

Royalty Management Company Profile

Royalty Management Holding Corporation operates as a royalty company that identifies and invests in undervalued assets. It acquires and invests in natural resources, patents, intellectual property, and digital assets. The company was founded in 2021 and is based in Fishers, Indiana.