Scully Royalty Ltd. (NYSE:SRL – Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 4,063 shares, an increase of 184.3% from the August 15th total of 1,429 shares. Based on an average trading volume of 7,139 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are sold short.
Scully Royalty Price Performance
Scully Royalty stock opened at $5.59 on Friday. Scully Royalty has a 52 week low of $4.21 and a 52 week high of $10.39. The company’s 50 day moving average price is $5.61 and its two-hundred day moving average price is $6.55.
Analyst Ratings Changes
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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.
Institutional Trading of Scully Royalty
A hedge fund recently bought a new position in Scully Royalty stock. Barclays PLC acquired a new position in Scully Royalty Ltd. (NYSE:SRL – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 29,100 shares of the financial services provider’s stock, valued at approximately $249,000. Barclays PLC owned about 0.20% of Scully Royalty at the end of the most recent quarter. 41.96% of the stock is owned by institutional investors and hedge funds.
About Scully Royalty
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.
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