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

Scully Royalty Ltd. (NYSE:SRL) was the target of a large growth in short interest during the month of 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 shares of the company are short sold. Based on an average trading volume of 10,300 shares, the days-to-cover ratio is presently 0.3 days.

Scully Royalty Stock Up 0.4 %

Shares of SRL traded up $0.04 during trading hours on Monday, reaching $7.85. 3,954 shares of the stock traded hands, compared to its average volume of 9,098. Scully Royalty has a 52-week low of $5.74 and a 52-week high of $9.99. The company’s 50-day moving average price is $7.92 and its two-hundred day moving average price is $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 paid a dividend of $0.26 per share. The ex-dividend date was Friday, January 24th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Scully Royalty stock. Nantahala Capital Management LLC raised its stake in Scully Royalty Ltd. (NYSE:SRL) by 54.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 368,596 shares of the financial services provider’s stock after acquiring an additional 129,399 shares during the period. Nantahala Capital Management LLC owned approximately 2.49% of Scully Royalty worth $3,410,000 as of its most recent SEC filing. 41.96% of the stock is currently owned by institutional investors.

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.