Scully Royalty Ltd. (NYSE:SRL - Get Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $7.91 and traded as low as $7.59. Scully Royalty shares last traded at $7.86, with a volume of 9,342 shares trading hands.
Scully Royalty Trading Up 0.5 %
The company has a 50 day moving average of $7.89 and a 200-day moving average of $7.79.
Institutional Trading of Scully Royalty
An institutional investor recently raised its position in Scully Royalty stock. Nantahala Capital Management LLC increased its holdings in shares of Scully Royalty Ltd. (NYSE:SRL - Free Report) by 54.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 368,596 shares of the financial services provider's stock after buying an additional 129,399 shares during the period. Nantahala Capital Management LLC owned about 2.49% of Scully Royalty worth $3,410,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 41.96% of the company's stock.
About Scully Royalty
(
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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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