Scully Royalty Ltd. (NYSE:SRL) Short Interest Down 60.0% in March

Scully Royalty Ltd. (NYSE:SRL) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,400 shares, a decrease of 60.0% from the February 28th total of 3,500 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 10,200 shares, the days-to-cover ratio is currently 0.1 days.

Scully Royalty Price Performance

NYSE SRL traded up $0.03 during mid-day trading on Friday, reaching $8.09. The stock had a trading volume of 807 shares, compared to its average volume of 9,229. Scully Royalty has a 1 year low of $5.74 and a 1 year high of $9.99. The company has a fifty day moving average price of $7.90 and a 200 day moving average price of $7.78.

Scully Royalty Cuts Dividend

The firm also recently declared a — dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 24th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, January 24th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Scully Royalty stock. SVB Wealth LLC bought a new position in Scully Royalty Ltd. (NYSE:SRL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 22,455 shares of the financial services provider’s stock, valued at approximately $208,000. SVB Wealth LLC owned about 0.15% of Scully Royalty as of its most recent filing with the SEC. 41.96% of the stock is currently owned by institutional investors and hedge funds.

Scully Royalty Company Profile

Scully Royalty Ltd. operates as an iron ore mining company in the Americas, Africa, Canada, Asia, and Europe. It operates through three segments: Royalty, Industrial, and Merchant Banking. The company holds royalty interest in the Scully iron ore mine located in the Province of Newfoundland and Labrador, Canada.