Scully Royalty Ltd. (NYSE:SRL) Short Interest Update

Scully Royalty Ltd. (NYSE:SRLGet Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 2,355 shares, a drop of 87.1% from the April 30th total of 18,274 shares. Based on an average daily volume of 10,645 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Scully Royalty Price Performance

NYSE SRL traded down $0.08 during trading on Friday, hitting $6.13. The company’s stock had a trading volume of 1,100 shares, compared to its average volume of 5,855. The business’s 50 day simple moving average is $6.89 and its 200-day simple moving average is $7.44. Scully Royalty has a fifty-two week low of $5.13 and a fifty-two week high of $10.39.

Institutional Investors Weigh In On Scully Royalty

Several institutional investors have recently added to or reduced their stakes in SRL. Barclays PLC acquired a new stake in Scully Royalty in the fourth quarter worth about $249,000. Renaissance Technologies LLC boosted its holdings in Scully Royalty by 41.0% in the first quarter. Renaissance Technologies LLC now owns 68,114 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 19,800 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in Scully Royalty in the third quarter worth about $86,000. Institutional investors and hedge funds own 41.96% of the company’s stock.

Analyst Ratings Changes

SRL has been the topic of several analyst reports. Wall Street Zen raised shares of Scully Royalty to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Scully Royalty in a report on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

View Our Latest Stock Report on Scully Royalty

Scully Royalty Company Profile

(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.

Further Reading

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