Short Interest in Scully Royalty Ltd. (NYSE:SRL) Grows By 29.6%

Scully Royalty Ltd. (NYSE:SRLGet Free Report) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,500 shares, an increase of 29.6% from the February 13th total of 2,700 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 10,300 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Scully Royalty stock. SVB Wealth LLC bought a new position in shares of Scully Royalty Ltd. (NYSE:SRLFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,455 shares of the financial services provider’s stock, valued at approximately $208,000. SVB Wealth LLC owned about 0.15% of Scully Royalty as of its most recent filing with the Securities & Exchange Commission. 41.96% of the stock is owned by institutional investors.

Scully Royalty Stock Performance

Shares of NYSE:SRL traded up $0.03 during trading on Tuesday, reaching $7.89. 856 shares of the company traded hands, compared to its average volume of 9,077. 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 is $7.92 and its two-hundred day moving average is $7.77.

Scully Royalty Cuts Dividend

The company also recently declared a — dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 24th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, January 24th.

Scully Royalty Company Profile

(Get Free Report)

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.

Further Reading

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