Scully Royalty Ltd. (NYSE:SRL) Short Interest Update

Scully Royalty Ltd. (NYSE:SRL) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,429 shares, a drop of 79.1% from the July 30th total of 6,831 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 40,743 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Scully Royalty stock. Barclays PLC bought a new stake in shares of Scully Royalty Ltd. (NYSE:SRL) during the 4th quarter, according to 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 at the end of the most recent reporting period. 41.96% of the stock is currently owned by institutional investors and hedge funds.

Scully Royalty Stock Performance

Shares of NYSE SRL remained flat at $5.84 during trading hours on Friday. The company had a trading volume of 3,765 shares, compared to its average volume of 24,101. The company’s 50 day moving average price is $5.69 and its 200-day moving average price is $6.80. Scully Royalty has a 1-year low of $4.21 and a 1-year high of $10.39.

About Scully Royalty

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.