Royalty Management Holding Corporation (NASDAQ:RMCO) Sees Large Growth in Short Interest

Royalty Management Holding Corporation (NASDAQ:RMCO) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 84,697 shares, a growth of 56.8% from the December 15th total of 54,015 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily volume of 30,888 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily volume of 30,888 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.3% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RMCO. Weiss Ratings restated a “sell (d-)” rating on shares of Royalty Management in a report on Wednesday, October 8th. William Blair assumed coverage on shares of Royalty Management in a research note on Monday, October 20th. They issued an “outperform” rating on the stock. Finally, Zacks Research raised shares of Royalty Management to a “hold” rating in a research report on Tuesday, October 21st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Royalty Management presently has an average rating of “Hold”.

Royalty Management Stock Up 12.7%

Shares of Royalty Management stock traded up $0.47 during trading on Friday, reaching $4.17. The company’s stock had a trading volume of 112,204 shares, compared to its average volume of 41,555. The company has a 50-day simple moving average of $2.83 and a two-hundred day simple moving average of $2.37. Royalty Management has a 1-year low of $0.91 and a 1-year high of $4.76. The company has a market cap of $63.13 million, a price-to-earnings ratio of -417.00 and a beta of -0.07.

Royalty Management (NASDAQ:RMCO) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). Royalty Management had a negative return on equity of 2.94% and a negative net margin of 9.22%.The business had revenue of $1.30 million during the quarter, compared to analyst estimates of $2.00 million.

Royalty Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, January 10th. Shareholders of record on Wednesday, December 31st were issued a $0.0025 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.2%. Royalty Management’s dividend payout ratio (DPR) is currently -100.00%.

Royalty Management Company Profile

Royalty Management Corporation is a Houston‐based mineral royalty acquisition and management company that owns and operates a diversified portfolio of oil and gas royalty interests. The firm’s primary business activity is the acquisition of royalty and overriding royalty interests in onshore oil and gas properties, allowing investors to participate in production revenue streams without the operational risks associated with drilling and exploration. Royalty Management targets assets in established U.S.