Scully Royalty Ltd. (NYSE:SRL) Short Interest Down 87.1% in May

Scully Royalty Ltd. (NYSE:SRL) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,355 shares, a decline of 87.1% from the April 30th total of 18,274 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 10,645 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen raised shares of Scully Royalty to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Scully Royalty in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Scully Royalty has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its holdings in Scully Royalty by 41.0% in the first quarter. Renaissance Technologies LLC now owns 68,114 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 19,800 shares during the last quarter. Barclays PLC acquired a new position in Scully Royalty in the fourth quarter valued at $249,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Scully Royalty in the third quarter valued at $86,000. Institutional investors and hedge funds own 41.96% of the company’s stock.

Scully Royalty Stock Performance

Shares of SRL remained flat at $6.13 during mid-day trading on Thursday. The stock’s fifty day simple moving average is $6.97 and its 200 day simple moving average is $7.45. Scully Royalty has a twelve month low of $5.13 and a twelve month high of $10.39.

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.