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

Scully Royalty Ltd. (NYSE:SRL) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 6,831 shares, an increase of 130.5% from the July 15th total of 2,964 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 21,135 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Scully Royalty

An institutional investor recently raised its stake in Scully Royalty stock. Renaissance Technologies LLC raised its position in shares of Scully Royalty Ltd. (NYSE:SRL) by 41.0% during the 1st 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 0.46% of Scully Royalty worth $533,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 41.96% of the company’s stock.

Scully Royalty Stock Down 1.3%

Shares of SRL traded down $0.08 during midday trading on Friday, hitting $5.84. 28,654 shares of the company traded hands, compared to its average volume of 28,980. The firm has a 50 day moving average of $5.74 and a 200-day moving average of $7.03. Scully Royalty has a 52 week low of $4.21 and a 52 week high of $10.39.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded 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 stock has a consensus rating of “Sell”.

Scully Royalty Company Profile

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.