Short Interest in Royalty Management Holding Corporation (NASDAQ:RMCO) Expands By 54.6%

Royalty Management Holding Corporation (NASDAQ:RMCO) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 68,800 shares, an increase of 54.6% from the September 30th total of 44,500 shares. Based on an average daily trading volume, of 102,000 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.1% of the company’s shares are sold short. Currently, 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 102,000 shares, the days-to-cover ratio is currently 0.7 days.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RMCO shares. Zacks Research upgraded shares of Royalty Management to a “hold” rating in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Royalty Management in a research note on Wednesday, October 8th. Finally, William Blair began coverage on shares of Royalty Management in a research note on Monday, October 20th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

Royalty Management Trading Up 13.0%

Shares of RMCO stock opened at $3.56 on Tuesday. The company has a market capitalization of $52.44 million, a PE ratio of -356.00 and a beta of -0.07. The firm has a fifty day simple moving average of $2.55 and a 200-day simple moving average of $1.73. Royalty Management has a twelve month low of $0.90 and a twelve month high of $4.76.

Royalty Management Company Profile

Royalty Management Holding Corporation provides environmental consulting and services in the United States. It is also involved in investing or purchasing assets, such as real estate and mining permits, patents, intellectual property, and emerging technologies. The company was incorporated in 2021 and is based in Fishers, Indiana.