Scully Royalty Ltd. (NYSE:SRL) Short Interest Down 79.1% in August

Scully Royalty Ltd. (NYSE:SRLGet Free Report) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,429 shares, a decrease of 79.1% from the July 30th total of 6,831 shares. Based on an average daily volume of 40,743 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on Scully Royalty

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Scully Royalty stock. Barclays PLC bought a new stake in Scully Royalty Ltd. (NYSE:SRLFree Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 29,100 shares of the financial services provider’s stock, valued at approximately $249,000. Barclays PLC owned 0.20% of Scully Royalty as of its most recent filing with the SEC. 41.96% of the stock is currently owned by hedge funds and other institutional investors.

Scully Royalty Price Performance

SRL traded down $0.03 during trading on Thursday, reaching $5.84. 5,301 shares of the stock were exchanged, compared to its average volume of 26,885. Scully Royalty has a twelve month low of $4.21 and a twelve month high of $10.39. The stock’s 50 day moving average price is $5.70 and its two-hundred day moving average price is $6.81.

About Scully Royalty

(Get Free Report)

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.

Further Reading

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