Scully Royalty Ltd. (NYSE:SRL) Sees Significant Growth in Short Interest

Scully Royalty Ltd. (NYSE:SRL) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 11,500 shares, a growth of 51.1% from the January 15th total of 7,612 shares. Based on an average trading volume of 37,651 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 37,651 shares, the days-to-cover ratio is currently 0.3 days.

Scully Royalty Stock Performance

Shares of NYSE SRL traded down $0.25 during midday trading on Monday, hitting $9.21. 48,119 shares of the company’s stock traded hands, compared to its average volume of 40,509. The firm has a fifty day moving average of $7.91 and a 200 day moving average of $6.49. Scully Royalty has a 1 year low of $5.13 and a 1 year high of $9.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 5.10 and a quick ratio of 5.10.

Scully Royalty (NYSE:SRL) last announced its earnings results on Wednesday, December 31st. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $6.82 million for the quarter.

Hedge Funds Weigh In On 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) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,964 shares of the financial services provider’s stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned 0.10% of Scully Royalty at the end of the most recent reporting period. Institutional investors and hedge funds own 41.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Scully Royalty in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.