Scully Royalty Ltd. (NYSE:SRL) Short Interest Down 79.1% in August

Scully Royalty Ltd. (NYSE:SRL – Get Free Report) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,429 shares, a decrease of 79.1% from the July 30th total of 6,831 shares. Based on an average daily volume of 40,743 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Scully Royalty from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

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Institutional Investors Weigh In On Scully Royalty

An institutional investor recently bought a new position in Scully Royalty stock. Barclays PLC acquired a new position in shares of Scully Royalty Ltd. (NYSE:SRL – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 29,100 shares of the financial services provider’s stock, valued at approximately $249,000. Barclays PLC owned about 0.20% of Scully Royalty as of its most recent filing with the SEC. Institutional investors and hedge funds own 41.96% of the company’s stock.

Scully Royalty Trading Up 0.5%

Shares of NYSE SRL opened at $5.86 on Wednesday. Scully Royalty has a twelve month low of $4.21 and a twelve month high of $10.39. The stock has a 50 day moving average of $5.71 and a two-hundred day moving average of $6.86.

About Scully Royalty

(Get Free Report)

Scully Royalty Ltd. is a mineral royalty company that acquires, owns and manages a diversified portfolio of oil and gas royalty and overriding royalty interests in key onshore producing regions of the United States. As a royalty owner, the company receives a percentage of production revenue from its assets without assuming the operational and capital expenditure burdens associated with exploration and development.

The company’s portfolio spans multiple established hydrocarbon basins, including conventional and unconventional plays.

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