Scully Royalty Ltd. (NYSE:SRL) Short Interest Up 29.6% in February

Scully Royalty Ltd. (NYSE:SRL) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 3,500 shares, a growth of 29.6% from the February 13th total of 2,700 shares. Based on an average daily volume of 10,300 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Trading of Scully Royalty

An institutional investor recently bought a new position in Scully Royalty stock. SVB Wealth LLC purchased a new stake in shares of Scully Royalty Ltd. (NYSE:SRL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 22,455 shares of the financial services provider’s stock, valued at approximately $208,000. SVB Wealth LLC owned 0.15% of Scully Royalty as of its most recent filing with the SEC. Hedge funds and other institutional investors own 41.96% of the company’s stock.

Scully Royalty Price Performance

SRL opened at $7.89 on Wednesday. The company’s 50 day simple moving average is $7.91 and its two-hundred day simple moving average is $7.77. Scully Royalty has a 1-year low of $5.74 and a 1-year high of $9.99.

Scully Royalty Cuts Dividend

The company also recently declared a — dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 24th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, January 24th.

Scully Royalty Company Profile

Scully Royalty Ltd. operates as an iron ore mining company in the Americas, Africa, Canada, Asia, and Europe. It operates through three segments: Royalty, Industrial, and Merchant Banking. The company holds royalty interest in the Scully iron ore mine located in the Province of Newfoundland and Labrador, Canada.