Scully Royalty Ltd. (NYSE:SRL) Short Interest Up 80.0% in February

Scully Royalty Ltd. (NYSE:SRL) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 2,700 shares, an increase of 80.0% from the January 31st total of 1,500 shares. Based on an average trading volume of 11,400 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Scully Royalty Price Performance

Shares of Scully Royalty stock traded down $0.11 during midday trading on Friday, reaching $7.72. The company had a trading volume of 3,466 shares, compared to its average volume of 7,194. The stock has a fifty day moving average price of $7.89 and a 200 day moving average price of $7.79. Scully Royalty has a fifty-two week low of $5.74 and a fifty-two week high of $9.99.

Scully Royalty Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Friday, February 21st. Investors of record on Friday, January 24th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, January 24th.

Hedge Funds Weigh In On Scully Royalty

A hedge fund recently raised its stake in Scully Royalty stock. Nantahala Capital Management LLC raised its holdings in Scully Royalty Ltd. (NYSE:SRL) by 54.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 368,596 shares of the financial services provider’s stock after buying an additional 129,399 shares during the quarter. Nantahala Capital Management LLC owned 2.49% of Scully Royalty worth $3,410,000 as of its most recent SEC filing. 41.96% of the stock is currently owned by institutional investors.

About Scully Royalty

Scully Royalty Ltd. operates as an iron ore mining company in the Americas, Africa, Canada, Asia, and Europe. It operates through three segments: Royalty, Industrial, and Merchant Banking. The company holds royalty interest in the Scully iron ore mine located in the Province of Newfoundland and Labrador, Canada.