Short Interest in Royalty Management Holding Corporation (NASDAQ:RMCO) Rises By 56.8%

Royalty Management Holding Corporation (NASDAQ:RMCO) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 84,697 shares, a growth of 56.8% from the December 15th total of 54,015 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 30,888 shares, the short-interest ratio is currently 2.7 days. Based on an average daily trading volume, of 30,888 shares, the short-interest ratio is currently 2.7 days. Currently, 1.3% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

RMCO has been the topic of a number of recent analyst reports. William Blair assumed coverage on Royalty Management in a report on Monday, October 20th. They issued an “outperform” rating on the stock. Zacks Research upgraded shares of Royalty Management to a “hold” rating in a research note on Tuesday, October 21st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Royalty Management in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Royalty Management has an average rating of “Hold”.

Royalty Management Stock Performance

RMCO opened at $4.17 on Friday. Royalty Management has a one year low of $0.91 and a one year high of $4.76. The stock has a market capitalization of $63.13 million, a P/E ratio of -417.00 and a beta of -0.07. The business’s 50-day simple moving average is $2.83 and its 200-day simple moving average is $2.37.

Royalty Management (NASDAQ:RMCO) last released its quarterly 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 firm had revenue of $1.30 million for the quarter, compared to analysts’ expectations of $2.00 million.

Royalty Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, January 10th. Stockholders of record on Wednesday, December 31st were issued a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, December 31st. Royalty Management’s payout ratio is presently -100.00%.

Royalty Management Company Profile

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.