Short Interest in Scully Royalty Ltd. (NYSE:SRL) Expands By 80.0%

Scully Royalty Ltd. (NYSE:SRL) was the recipient of a significant growth in short interest in 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. Based on an average trading volume of 11,400 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of Scully Royalty

An institutional investor recently raised its position in Scully Royalty stock. Nantahala Capital Management LLC boosted its position in Scully Royalty Ltd. (NYSE:SRL) by 54.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 368,596 shares of the financial services provider’s stock after purchasing an additional 129,399 shares during the quarter. Nantahala Capital Management LLC owned approximately 2.49% of Scully Royalty worth $3,410,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 41.96% of the company’s stock.

Scully Royalty Stock Performance

SRL stock opened at $7.76 on Tuesday. The business has a 50-day moving average price of $7.91 and a 200 day moving average price of $7.78. Scully Royalty has a 1-year low of $5.74 and a 1-year high of $9.99.

Scully Royalty Cuts Dividend

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