Short Interest in Scully Royalty Ltd. (NYSE:SRL) Drops By 65.3%

Scully Royalty Ltd. (NYSE:SRL) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 3,988 shares, a decrease of 65.3% from the January 29th total of 11,500 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 44,921 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 44,921 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Scully Royalty stock. KERR FINANCIAL PLANNING Corp purchased a new position in Scully Royalty Ltd. (NYSE:SRL) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 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 at the end of the most recent quarter. 41.96% of the stock is owned by institutional investors.

Scully Royalty Stock Down 0.3%

Shares of SRL stock opened at $8.88 on Thursday. Scully Royalty has a 52-week low of $5.13 and a 52-week high of $10.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 5.10 and a quick ratio of 5.10. The company’s 50 day moving average is $8.43 and its 200 day moving average is $6.69.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Scully Royalty in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently 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.