Scully Royalty Ltd. (NYSE:SRL) Short Interest Up 80.0% in February

Scully Royalty Ltd. (NYSE:SRL) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 2,700 shares, a growth of 80.0% from the January 31st total of 1,500 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 11,400 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Scully Royalty stock. Nantahala Capital Management LLC lifted its position in shares of Scully Royalty Ltd. (NYSE:SRL) by 54.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 368,596 shares of the financial services provider’s stock after purchasing an additional 129,399 shares during the period. Nantahala Capital Management LLC owned about 2.49% of Scully Royalty worth $3,410,000 as of its most recent filing with the Securities and Exchange Commission. 41.96% of the stock is owned by hedge funds and other institutional investors.

Scully Royalty Stock Performance

Scully Royalty stock traded down $0.11 during midday trading on Friday, reaching $7.72. The company’s stock had a trading volume of 3,466 shares, compared to its average volume of 7,194. Scully Royalty has a 52 week low of $5.74 and a 52 week high of $9.99. The business has a 50-day moving average price of $7.89 and a 200-day moving average price of $7.79.

Scully Royalty Cuts Dividend

The firm also recently announced a — dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 24th were given a $0.26 dividend. The ex-dividend date was Friday, January 24th.

About Scully Royalty

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.