Royalty Management Holding Corporation (NASDAQ:RMCO) Short Interest Update

Royalty Management Holding Corporation (NASDAQ:RMCO) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 22,388 shares, an increase of 60.2% from the May 14th total of 13,974 shares. Based on an average daily trading volume, of 156,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Royalty Management in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Royalty Management Price Performance

NASDAQ RMCO traded up $0.03 on Tuesday, reaching $2.62. The company’s stock had a trading volume of 471 shares, compared to its average volume of 35,849. The firm has a market cap of $39.64 million, a PE ratio of -32.69 and a beta of -0.04. The business has a 50-day moving average price of $2.64 and a 200 day moving average price of $3.15. Royalty Management has a 52 week low of $1.13 and a 52 week high of $5.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.02.

Royalty Management (NASDAQ:RMCO) last posted its earnings results on Thursday, May 14th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $1.64 million during the quarter, compared to the consensus estimate of $1.64 million. Royalty Management had a negative net margin of 23.33% and a negative return on equity of 11.50%.

Royalty Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Royalty Management’s dividend payout ratio is currently -12.50%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Royalty Management stock. Blair William & Co. IL bought a new stake in Royalty Management Holding Corporation (NASDAQ:RMCO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned about 0.18% of Royalty Management at the end of the most recent quarter. 67.15% of the stock is currently owned by institutional investors.

Royalty Management Company Profile

Royalty Management Corporation is a Houston?based mineral royalty acquisition and management company that owns and operates a diversified portfolio of oil and gas royalty interests. The firm’s primary business activity is the acquisition of royalty and overriding royalty interests in onshore oil and gas properties, allowing investors to participate in production revenue streams without the operational risks associated with drilling and exploration. Royalty Management targets assets in established U.S.