Royalty Management Holding Corporation (NASDAQ:RMCO) Short Interest Down 37.4% in January

Royalty Management Holding Corporation (NASDAQ:RMCO) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 53,048 shares, a decline of 37.4% from the December 31st total of 84,697 shares. Based on an average daily trading volume, of 34,172 shares, the short-interest ratio is presently 1.6 days. Approximately 0.8% of the company’s shares are short sold. Approximately 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 34,172 shares, the short-interest ratio is presently 1.6 days.

Royalty Management Trading Up 2.7%

Shares of NASDAQ RMCO opened at $4.53 on Friday. The stock has a fifty day moving average price of $3.05 and a 200 day moving average price of $2.54. Royalty Management has a 12-month low of $0.91 and a 12-month high of $5.00. The company has a market cap of $68.58 million, a P/E ratio of -453.00 and a beta of -0.07.

Royalty Management (NASDAQ:RMCO) last issued its earnings results on Thursday, November 13th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company had revenue of $1.30 million during the quarter, compared to analysts’ expectations of $2.00 million. Royalty Management had a negative return on equity of 2.94% and a negative net margin of 9.22%.

Royalty Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, January 10th. Stockholders of record on Wednesday, December 31st were paid a $0.0025 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.01 annualized dividend and a dividend yield of 0.2%. Royalty Management’s dividend payout ratio is -100.00%.

Analyst Ratings Changes

RMCO has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Royalty Management in a report on Thursday, January 22nd. William Blair began coverage on Royalty Management in a report on Monday, October 20th. They issued an “outperform” rating on the stock. Finally, Zacks Research upgraded Royalty Management to a “hold” rating in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.