Short Interest in Scully Royalty Ltd. (NYSE:SRL) Increases By 44.2%

Scully Royalty Ltd. (NYSE:SRL) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 16,457 shares, a growth of 44.2% from the March 31st total of 11,412 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 17,152 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On Scully Royalty

An institutional investor recently bought a new position in Scully Royalty stock. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Scully Royalty Ltd. (NYSE:SRL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,964 shares of the financial services provider’s stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned approximately 0.10% of Scully Royalty as of its most recent SEC filing. Institutional investors and hedge funds own 41.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SRL shares. Wall Street Zen raised Scully Royalty to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Scully Royalty in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Scully Royalty Price Performance

SRL traded up $0.38 during trading on Thursday, hitting $6.85. The company’s stock had a trading volume of 5,781 shares, compared to its average volume of 27,022. Scully Royalty has a twelve month low of $5.13 and a twelve month high of $10.39. The stock’s fifty day moving average price is $7.87 and its 200-day moving average price is $7.39.

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.