Royalty Management Holding Corporation (NASDAQ:RMCO) Short Interest Update

Royalty Management Holding Corporation (NASDAQ:RMCO) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 22,388 shares, a growth of 60.2% from the May 14th total of 13,974 shares. Based on an average trading volume of 156,400 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Royalty Management Trading Up 2.7%

Shares of Royalty Management stock opened at $2.66 on Wednesday. The business has a fifty day simple moving average of $2.64 and a two-hundred day simple moving average of $3.15. Royalty Management has a 1 year low of $1.13 and a 1 year high of $5.00. The company has a market capitalization of $40.33 million, a price-to-earnings ratio of -33.25 and a beta of -0.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.21.

Royalty Management (NASDAQ:RMCO) last announced its earnings results on Thursday, May 14th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $1.64 million for the quarter, compared to the consensus estimate of $1.64 million. Royalty Management had a negative return on equity of 11.50% and a negative net margin of 23.33%.

Royalty Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, June 30th. Royalty Management’s dividend payout ratio is presently -12.50%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Royalty Management in a report on Tuesday, April 21st. One equities 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. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Investors Weigh In On Royalty Management

An institutional investor recently bought a new position in Royalty Management stock. Blair William & Co. IL acquired a new stake in Royalty Management Holding Corporation (NASDAQ:RMCO) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned about 0.18% of Royalty Management at the end of the most recent reporting period. Hedge funds and other institutional investors own 67.15% of the company’s stock.

About Royalty Management

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.