Royalty Management Holding Corporation (NASDAQ:RMCO) Short Interest Down 17.7% in February

Royalty Management Holding Corporation (NASDAQ:RMCO) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 32,492 shares, a decrease of 17.7% from the February 12th total of 39,481 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 10,970 shares, the days-to-cover ratio is presently 3.0 days. Based on an average trading volume of 10,970 shares, the days-to-cover ratio is presently 3.0 days. Approximately 0.5% of the shares of the stock are sold short.

Royalty Management Price Performance

Shares of NASDAQ RMCO opened at $3.81 on Tuesday. Royalty Management has a 1-year low of $0.91 and a 1-year high of $5.00. The business’s 50 day moving average is $3.97 and its two-hundred day moving average is $3.12. The stock has a market capitalization of $57.68 million, a P/E ratio of -381.00 and a beta of -0.05.

Royalty Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.0025 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.01 annualized dividend and a dividend yield of 0.3%. Royalty Management’s payout ratio is currently -100.00%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Royalty Management in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Royalty Management has an average rating of “Hold”.

Institutional Trading of Royalty Management

An institutional investor recently bought a new position in Royalty Management stock. Blair William & Co. IL acquired a new position in shares of Royalty Management Holding Corporation (NASDAQ:RMCO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned 0.18% of Royalty Management as of its most recent SEC filing. 67.15% of the stock is owned by hedge funds and other institutional investors.

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.