Short Interest in Scully Royalty Ltd. (NYSE:SRL) Rises By 80.0%

Scully Royalty Ltd. (NYSE:SRL) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 2,700 shares, a growth of 80.0% from the January 31st total of 1,500 shares. Based on an average daily trading volume, of 11,400 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Scully Royalty Trading Up 0.1 %

Shares of Scully Royalty stock traded up $0.01 during trading hours on Monday, reaching $7.76. The stock had a trading volume of 6,678 shares, compared to its average volume of 7,179. The stock’s 50 day moving average is $7.89 and its 200 day moving average is $7.79. Scully Royalty has a twelve month low of $5.74 and a twelve month high of $9.99.

Scully Royalty Cuts Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 24th were issued a $0.26 dividend. The ex-dividend date was Friday, January 24th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Scully Royalty stock. Nantahala Capital Management LLC increased its stake in Scully Royalty Ltd. (NYSE:SRL) by 54.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 368,596 shares of the financial services provider’s stock after acquiring an additional 129,399 shares during the quarter. Nantahala Capital Management LLC owned approximately 2.49% of Scully Royalty worth $3,410,000 at the end of the most recent reporting period. Institutional investors own 41.96% of the company’s stock.

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.