Scully Royalty Ltd. (NYSE:SRL) Short Interest Update

Scully Royalty Ltd. (NYSE:SRL) was the target of a large increase in short interest in the month of 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 daily trading volume, of 7,139 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Scully Royalty from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Scully Royalty Price Performance

Shares of SRL traded down $0.01 during mid-day trading on Monday, reaching $5.62. 668 shares of the company were exchanged, compared to its average volume of 25,293. The business has a 50 day simple moving average of $5.60 and a two-hundred day simple moving average of $6.51. Scully Royalty has a 52 week low of $4.21 and a 52 week high of $10.39.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Scully Royalty stock. Renaissance Technologies LLC grew its position in Scully Royalty Ltd. (NYSE:SRL) by 41.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,114 shares of the financial services provider’s stock after purchasing an additional 19,800 shares during the quarter. Renaissance Technologies LLC owned approximately 0.46% of Scully Royalty worth $533,000 as of its most recent filing with the SEC. 41.96% of the stock is currently owned by hedge funds and other institutional investors.

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.