Scully Royalty Ltd. (NYSE:SRL) Short Interest Down 60.0% in March

Scully Royalty Ltd. (NYSE:SRL) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,400 shares, a drop of 60.0% from the February 28th total of 3,500 shares. Based on an average trading volume of 10,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Scully Royalty Price Performance

SRL traded up $0.03 during midday trading on Friday, reaching $8.09. The company’s stock had a trading volume of 807 shares, compared to its average volume of 9,229. Scully Royalty has a 1 year low of $5.74 and a 1 year high of $9.99. The stock’s 50-day moving average is $7.90 and its 200-day moving average is $7.78.

Scully Royalty Cuts Dividend

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Scully Royalty stock. SVB Wealth LLC purchased a new stake in shares of Scully Royalty Ltd. (NYSE:SRL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,455 shares of the financial services provider’s stock, valued at approximately $208,000. SVB Wealth LLC owned approximately 0.15% of Scully Royalty at the end of the most recent reporting period. 41.96% of the stock is owned by institutional investors.

Scully Royalty Company Profile

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.