Scully Royalty Ltd. (NYSE:SRL) Short Interest Update

Scully Royalty Ltd. (NYSE:SRL) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 6,831 shares, a growth of 130.5% from the July 15th total of 2,964 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 21,135 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Scully Royalty from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Scully Royalty

A hedge fund recently bought a new stake in Scully Royalty stock. Barclays PLC acquired a new stake in shares of Scully Royalty Ltd. (NYSE:SRL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,100 shares of the financial services provider’s stock, valued at approximately $249,000. Barclays PLC owned 0.20% of Scully Royalty at the end of the most recent quarter. 41.96% of the stock is currently owned by institutional investors and hedge funds.

Scully Royalty Stock Performance

NYSE SRL traded down $0.08 during trading hours on Friday, reaching $5.84. 28,654 shares of the company were exchanged, compared to its average volume of 28,980. Scully Royalty has a 1 year low of $4.21 and a 1 year high of $10.39. The business’s 50 day simple moving average is $5.74 and its 200-day simple moving average is $7.03.

Scully Royalty Company Profile

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.