Scully Royalty Ltd. (NYSE:SRL) Sees Large Increase in Short Interest

Scully Royalty Ltd. (NYSE:SRL) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 4,063 shares, a growth of 184.3% from the August 15th total of 1,429 shares. Based on an average daily volume of 7,139 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of Scully Royalty

An institutional investor recently bought a new stake in Scully Royalty stock. Barclays PLC bought a new stake in Scully Royalty Ltd. (NYSE:SRL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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. Institutional investors own 41.96% of the company’s stock.

Scully Royalty Stock Performance

SRL opened at $5.59 on Friday. Scully Royalty has a fifty-two week low of $4.21 and a fifty-two week high of $10.39. The company’s 50-day moving average is $5.61 and its 200 day moving average is $6.55.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Scully Royalty from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average 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.