Scully Royalty Ltd. (NYSE:SRL) Short Interest Update

Posted by on Jun 1st, 2022

Scully Royalty Ltd. (NYSE:SRL – Get Rating) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 500 shares, an increase of 25.0% from the April 30th total of 400 shares. Based on an average daily volume of 12,900 shares, the short-interest ratio is currently 0.0 days.

NYSE SRL opened at $9.31 on Wednesday. Scully Royalty has a 52 week low of $7.57 and a 52 week high of $16.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 11.71 and a current ratio of 11.80. The company has a 50-day moving average price of $9.34 and a two-hundred day moving average price of $9.14.

The company also recently announced a quarterly dividend, which was paid on Monday, May 23rd. Shareholders of record on Tuesday, May 10th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 11.60%. The ex-dividend date of this dividend was Monday, May 9th.

An institutional investor recently raised its position in Scully Royalty stock. Royal Bank of Canada grew its position in Scully Royalty Ltd. (NYSE:SRL – Get Rating) by 24.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 235,811 shares of the financial services provider’s stock after purchasing an additional 45,776 shares during the period. Royal Bank of Canada owned approximately 1.60% of Scully Royalty worth $2,316,000 as of its most recent SEC filing. 39.96% of the stock is owned by institutional investors.

Scully Royalty Company Profile (Get Rating)

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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