Scully Royalty Ltd. (NYSE:SRL) Short Interest Update
by Amy Steele · The Cerbat GemScully Royalty Ltd. (NYSE:SRL – Get Free Report) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 2,001 shares, a decline of 59.1% from the November 30th total of 4,895 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 13,547 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 13,547 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Scully Royalty in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on SRL
Institutional Trading of Scully Royalty
A hedge fund recently bought a new stake in Scully Royalty stock. KERR FINANCIAL PLANNING Corp purchased a new position in Scully Royalty Ltd. (NYSE:SRL – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,964 shares of the financial services provider’s stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned approximately 0.10% of Scully Royalty at the end of the most recent reporting period. 41.96% of the stock is currently owned by hedge funds and other institutional investors.
Scully Royalty Trading Up 4.9%
Shares of NYSE SRL traded up $0.33 during mid-day trading on Friday, hitting $7.12. 61,188 shares of the stock traded hands, compared to its average volume of 15,358. The stock has a fifty day moving average price of $6.10 and a 200-day moving average price of $5.88. Scully Royalty has a 52 week low of $5.13 and a 52 week high of $9.99.
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.