Scully Royalty Ltd. (NYSE:SRL) Short Interest Update
by Doug Wharley · The Cerbat GemScully Royalty Ltd. (NYSE:SRL – Get Free Report) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 6,831 shares, a growth of 130.5% from the July 15th total of 2,964 shares. Currently, 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.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered Scully Royalty from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.
Read Our Latest Stock Report on SRL
Scully Royalty Stock Performance
Shares of NYSE SRL traded down $0.08 during trading on Friday, hitting $5.84. The stock had a trading volume of 28,654 shares, compared to its average volume of 28,980. Scully Royalty has a 12 month low of $4.21 and a 12 month high of $10.39. The firm has a fifty day moving average of $5.74 and a two-hundred day moving average of $7.03.
Institutional Investors Weigh In On Scully Royalty
An institutional investor recently bought a new position in Scully Royalty stock. Barclays PLC bought a new position in shares of Scully Royalty Ltd. (NYSE:SRL – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 29,100 shares of the financial services provider’s stock, valued at approximately $249,000. Barclays PLC owned approximately 0.20% of Scully Royalty as of its most recent SEC filing. 41.96% of the stock is owned by hedge funds and other institutional investors.
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.