Scully Royalty Ltd. (NYSE:SRL) Short Interest Up 332.4% in December

Scully Royalty Ltd. (NYSE:SRL) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 8,652 shares, a growth of 332.4% from the December 15th total of 2,001 shares. Based on an average trading volume of 31,241 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 31,241 shares, the short-interest ratio is presently 0.3 days.

Scully Royalty Price Performance

Shares of SRL traded down $0.55 during trading hours on Tuesday, hitting $7.86. 17,918 shares of the company were exchanged, compared to its average volume of 39,526. The company has a debt-to-equity ratio of 0.13, a quick ratio of 5.10 and a current ratio of 5.10. Scully Royalty has a fifty-two week low of $5.13 and a fifty-two week high of $9.64. The firm’s fifty day moving average is $6.51 and its 200 day moving average is $6.01.

Scully Royalty (NYSE:SRL) last posted its quarterly earnings results on Wednesday, December 31st. The financial services provider reported ($0.05) EPS for the quarter. The company had revenue of $6.82 million during the quarter.

Institutional Trading of Scully Royalty

A hedge fund recently bought a new stake in Scully Royalty stock. KERR FINANCIAL PLANNING Corp bought a new stake in Scully Royalty Ltd. (NYSE:SRL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,964 shares of the financial services provider’s stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned about 0.10% of Scully Royalty as of its most recent SEC filing. Institutional investors own 41.96% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Scully Royalty in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.