Scully Royalty Ltd. (NYSE:SRL) Short Interest Down 59.1% in December

Scully Royalty Ltd. (NYSE:SRL) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 2,001 shares, a decline of 59.1% from the November 30th total of 4,895 shares. Based on an average daily volume of 13,547 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 13,547 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Scully Royalty in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Scully Royalty currently has an average rating of “Sell”.

Institutional Investors Weigh In On Scully Royalty

An institutional investor recently bought a new position in Scully Royalty stock. KERR FINANCIAL PLANNING Corp bought a new stake in Scully Royalty Ltd. (NYSE:SRL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,964 shares of the financial services provider’s stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned about 0.10% of Scully Royalty as of its most recent filing with the Securities and Exchange Commission. 41.96% of the stock is currently owned by institutional investors and hedge funds.

Scully Royalty Stock Up 4.9%

Scully Royalty stock traded up $0.33 during trading hours on Friday, hitting $7.12. 61,188 shares of the stock traded hands, compared to its average volume of 15,358. Scully Royalty has a 1 year low of $5.13 and a 1 year high of $9.99. The firm’s 50 day moving average price is $6.10 and its 200-day moving average price is $5.88.

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.