Freehold Royalties Ltd. (OTCMKTS:FRHLF) Short Interest Up 30.1% in April

Freehold Royalties Ltd. (OTCMKTS:FRHLF) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 5,255,000 shares, a growth of 30.1% from the March 31st total of 4,040,700 shares. Based on an average daily volume of 192,400 shares, the days-to-cover ratio is currently 27.3 days.

Wall Street Analysts Forecast Growth

Separately, National Bankshares reissued an “outperform” rating on shares of Freehold Royalties in a report on Friday, April 25th.

Freehold Royalties Stock Performance

OTCMKTS:FRHLF opened at $8.29 on Friday. The stock’s fifty day moving average is $8.53 and its two-hundred day moving average is $9.07. Freehold Royalties has a 52 week low of $7.45 and a 52 week high of $10.81.

Freehold Royalties Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.0647 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This is a positive change from Freehold Royalties’s previous dividend of $0.06. This represents a yield of 9.07%. Freehold Royalties’s dividend payout ratio (DPR) is 181.76%.

Freehold Royalties Company Profile

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.