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

Scully Royalty Ltd. (NYSE: SRL – Get Rating) was the target of a sharp decline in short-term interest during the month of April. As of April 15, there was short interest totaling 3,400 shares, down 49.3% from the March 31 total of 6,700 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume of 11,600 shares, the short-term interest rate ratio is currently 0.3 days.

A hedge fund recently increased its stake in shares of Scully Royalty. Royal Bank of Canada increased its position in shares of Scully Royalty Ltd. (NYSE: SRL – Get Rating) by 14.9% in the third quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The company held 144,313 shares of the financial services provider after acquiring an additional 18,760 shares during the quarter. Royal Bank of Canada owned 0.97% of Scully Royalty, worth $1,638,000 at the end of the most recent quarter. 37.67% of the shares are held by hedge funds and other institutional investors.

SRL stock traded at $0.29 at midday Friday, hitting $8.54. 4,947 shares of the company have been traded, against an average volume of 9,201. The company has a 50-day simple moving average of $9.22 and a two-hundred-day simple moving average of $9.48. Scully Royalty has a 1-year minimum of $7.57 and a 1-year maximum of $16.35.

The company also recently announced an annual dividend, which was paid on Friday, March 4. Shareholders of record on Monday, February 21 received a dividend of $0.18. This is a positive change from Scully Royalty’s previous annual dividend of $0.06. The ex-dividend date was Friday, February 18. This represents a return of 1.75%.

Scully Royalty Company Profile (Get a rating)

Scully Royalty Ltd. operates as an iron ore mining company in the Americas, Africa, Canada, Asia and Europe. The Company holds royalty interests in the Scully iron ore mine located in the province of Newfoundland and Labrador, Canada. It is also active in the manufacturing and medical supplies and services sectors.

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