Scully Royalty Ltd. (NYSE:SRL) Sees Significant Increase in Short Interest

Scully Royalty Ltd. (NYSE:SRL) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 11,500 shares, an increase of 51.1% from the January 15th total of 7,612 shares. Based on an average daily trading volume, of 37,651 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 37,651 shares, the short-interest ratio is currently 0.3 days.

Scully Royalty Stock Down 2.6%

NYSE SRL traded down $0.25 on Friday, hitting $9.21. 48,119 shares of the stock were exchanged, compared to its average volume of 38,880. Scully Royalty has a fifty-two week low of $5.13 and a fifty-two week high of $9.96. The company has a 50-day moving average price of $7.91 and a 200-day moving average price of $6.48. The company has a current ratio of 5.10, a quick ratio of 5.10 and a debt-to-equity ratio of 0.13.

Scully Royalty (NYSE:SRL) last released its quarterly earnings data on Wednesday, December 31st. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $6.82 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Scully Royalty in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Scully Royalty

An institutional investor recently bought a new position in Scully Royalty stock. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Scully Royalty Ltd. (NYSE:SRL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,964 shares of the financial services provider’s stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned about 0.10% of Scully Royalty at the end of the most recent reporting period. Institutional investors and hedge funds own 41.96% of the company’s stock.

About Scully Royalty

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.