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Scully Royalty Ltd. (NYSE:SRL) Sees Large Growth in Short Interest

Scully Royalty logo with Multi-Sector Conglomerates background
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Scully Royalty Ltd. (NYSE:SRL - Get Free Report) was the recipient of a large growth in short interest during the month of 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 trading volume of 11,400 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Scully Royalty stock. SVB Wealth LLC acquired a new stake in Scully Royalty Ltd. (NYSE:SRL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,455 shares of the financial services provider's stock, valued at approximately $208,000. SVB Wealth LLC owned about 0.15% of Scully Royalty at the end of the most recent reporting period. Hedge funds and other institutional investors own 41.96% of the company's stock.

Scully Royalty Trading Up 1.0 %

SRL traded up $0.08 during trading hours on Wednesday, hitting $7.74. The company's stock had a trading volume of 589 shares, compared to its average volume of 6,895. The business's 50-day moving average price is $7.93 and its 200-day moving average price is $7.78. Scully Royalty has a 12 month low of $5.74 and a 12 month high of $9.99.

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Scully Royalty Cuts Dividend

The firm also recently declared 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 of this dividend was Friday, January 24th.

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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