Short Interest in Royalty Management Holding Corporation (NASDAQ:RMCO) Declines By 37.4%

Royalty Management Holding Corporation (NASDAQ:RMCO) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 53,048 shares, a decline of 37.4% from the December 31st total of 84,697 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 34,172 shares, the short-interest ratio is presently 1.6 days. Based on an average daily volume of 34,172 shares, the short-interest ratio is presently 1.6 days. Approximately 0.8% of the company’s stock are short sold.

Wall Street Analyst Weigh In

RMCO has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Royalty Management in a research note on Thursday, January 22nd. Zacks Research raised Royalty Management to a “hold” rating in a research report on Tuesday, October 21st. Finally, William Blair initiated coverage on Royalty Management in a report on Monday, October 20th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Royalty Management has an average rating of “Hold”.

Royalty Management Stock Down 9.1%

NASDAQ RMCO traded down $0.41 during trading hours on Friday, hitting $4.12. 36,212 shares of the stock were exchanged, compared to its average volume of 42,137. Royalty Management has a 12-month low of $0.91 and a 12-month high of $5.00. The stock has a 50-day moving average of $3.07 and a 200 day moving average of $2.56. The company has a market cap of $62.38 million, a price-to-earnings ratio of -412.00 and a beta of -0.07.

Royalty Management (NASDAQ:RMCO) last issued its earnings results on Thursday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.00 million.

Royalty Management Dividend Announcement

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

About Royalty Management

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.