Scully Royalty Ltd. (NYSE:SRL – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 4,063 shares, a growth of 184.3% from the August 15th total of 1,429 shares. Based on an average daily trading volume, of 7,139 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are short sold.
Scully Royalty Trading Down 0.2%
SRL stock opened at $5.62 on Tuesday. The stock has a fifty day moving average of $5.60 and a 200-day moving average of $6.51. Scully Royalty has a fifty-two week low of $4.21 and a fifty-two week high of $10.39.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Scully Royalty in a research note on Friday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Institutional Investors Weigh In On Scully Royalty
An institutional investor recently raised its stake in Scully Royalty stock. Renaissance Technologies LLC increased its position in Scully Royalty Ltd. (NYSE:SRL – Free Report) by 41.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,114 shares of the financial services provider’s stock after acquiring an additional 19,800 shares during the quarter. Renaissance Technologies LLC owned about 0.46% of Scully Royalty worth $533,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 41.96% of the company’s stock.
Scully Royalty Company Profile
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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