Short Interest in Royalty Management Holding Corporation (NASDAQ:RMCO) Decreases By 14.1%

Royalty Management Holding Corporation (NASDAQ:RMCO) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 39,481 shares, a decline of 14.1% from the January 29th total of 45,981 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,302 shares, the days-to-cover ratio is presently 2.2 days. Based on an average daily trading volume, of 18,302 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Trading of Royalty Management

A hedge fund recently bought a new stake in Royalty Management stock. Blair William & Co. IL purchased a new stake in shares of Royalty Management Holding Corporation (NASDAQ:RMCO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned approximately 0.18% of Royalty Management at the end of the most recent quarter. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Analyst Upgrades and Downgrades

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

Royalty Management Price Performance

Shares of RMCO opened at $4.26 on Friday. The company has a 50-day moving average of $3.83 and a two-hundred day moving average of $2.99. The stock has a market cap of $64.50 million, a price-to-earnings ratio of -426.00 and a beta of -0.05. Royalty Management has a one year low of $0.91 and a one year high of $5.00.

Royalty Management Dividend Announcement

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

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.