Scully Royalty Ltd. (NYSE:SRL - Get Free Report) 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. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 10,300 shares, the days-to-cover ratio is currently 0.3 days.
Scully Royalty Stock Performance
SRL traded down $0.05 during trading on Friday, hitting $8.10. The stock had a trading volume of 551 shares, compared to its average volume of 9,199. Scully Royalty has a 12 month low of $5.74 and a 12 month high of $9.99. The company has a 50 day simple moving average of $7.91 and a 200-day simple moving average of $7.77.
Scully Royalty Cuts Dividend
The company also recently announced a -- dividend, which was paid on Friday, February 21st. Investors 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 grew its stake in Scully Royalty Ltd. (NYSE:SRL - Free Report) by 54.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 368,596 shares of the financial services provider's stock after purchasing an additional 129,399 shares during the period. Nantahala Capital Management LLC owned about 2.49% of Scully Royalty worth $3,410,000 as of its most recent SEC filing. Institutional investors and hedge funds own 41.96% of the company's stock.
About Scully Royalty
(
Get Free Report)
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.
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