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

Royalty Management Holding Corporation (NASDAQ:RMCO) was the recipient of a significant 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. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 34,172 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 34,172 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.8% of the shares of the company are sold short.

Wall Street Analyst Weigh In

RMCO has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Royalty Management in a research report on Thursday, January 22nd. William Blair began coverage on shares of 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 research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Royalty Management Price Performance

Shares of RMCO stock opened at $4.53 on Friday. Royalty Management has a 12-month low of $0.91 and a 12-month high of $5.00. The firm has a market capitalization of $68.58 million, a price-to-earnings ratio of -453.00 and a beta of -0.07. The business has a 50 day simple moving average of $3.05 and a 200 day simple moving average of $2.54.

Royalty Management (NASDAQ:RMCO) last announced 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). Royalty Management had a negative net margin of 9.22% and a negative return on equity of 2.94%. The business had revenue of $1.30 million for the quarter, compared to the consensus estimate of $2.00 million.

Royalty Management Dividend Announcement

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