Short Interest in Scully Royalty Ltd. (NYSE:SRL) Increases By 130.5%

by · The Markets Daily

Scully Royalty Ltd. (NYSE:SRL – Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,831 shares, an increase of 130.5% from the July 15th total of 2,964 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 21,135 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Scully Royalty from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Scully Royalty has an average rating of “Sell”.

Check Out Our Latest Report on Scully Royalty

Scully Royalty Trading Down 1.3%

NYSE:SRL traded down $0.08 on Friday, hitting $5.84. 28,654 shares of the company’s stock traded hands, compared to its average volume of 28,980. Scully Royalty has a 1 year low of $4.21 and a 1 year high of $10.39. The firm has a 50-day moving average price of $5.74 and a 200-day moving average price of $7.03.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Scully Royalty stock. Barclays PLC bought a new position in Scully Royalty Ltd. (NYSE:SRL – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 29,100 shares of the financial services provider’s stock, valued at approximately $249,000. Barclays PLC owned approximately 0.20% of Scully Royalty as of its most recent SEC filing. Institutional investors own 41.96% of the company’s stock.

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.

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