Scully Royalty Ltd. (NYSE:SRL) Sees Significant Decline in Short Interest

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 shares are short sold. Based on an average daily trading volume, of 40,743 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Scully Royalty

A hedge fund recently bought a new stake in Scully Royalty stock. Barclays PLC purchased a new stake in Scully Royalty Ltd. (NYSE:SRL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 29,100 shares of the financial services provider’s stock, valued at approximately $249,000. Barclays PLC owned 0.20% of Scully Royalty as of its most recent SEC filing. 41.96% of the stock is owned by institutional investors and hedge funds.

Scully Royalty Stock Up 0.5%

Shares of NYSE SRL opened at $5.86 on Wednesday. The firm’s 50 day simple moving average is $5.71 and its 200-day simple moving average is $6.86. Scully Royalty has a 12 month low of $4.21 and a 12 month high of $10.39.

Wall Street Analysts Forecast Growth

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

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.