Scully Royalty Ltd. (NYSE:SRL) Sees Significant Increase in Short Interest

Key Points

• Scully Royalty Ltd. experienced a 7,200% rise in short interest in July, totaling 7,300 shares compared to 100 shares at the end of June.
• Institutional investor Nantahala Capital Management LLC increased its stake in Scully Royalty by 54.1%, owning 368,596 shares valued at approximately $3.41 million.
• As of recent trading, Scully Royalty's stock is down 5.4%, currently priced at $5.72, and has a twelve-month low of $5.51.

Scully Royalty Ltd. (NYSE:SRL - ) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 7,300 shares, agrowthof7,200.0% from the June 30th total of 100 shares. Based on an average daily trading volume, of 3,900 shares, the short-interest ratio is currently 1.9 days. Currently,0.1% of the shares of the stock are sold short. Currently,0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,900 shares, the short-interest ratio is currently 1.9 days.

Institutional Trading of Scully Royalty

An institutional investor recently raised its position in Scully Royalty stock. Nantahala Capital Management LLC boosted its position in shares of Scully Royalty Ltd. (NYSE:SRL - Free Report) by 54.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 368,596 shares of the financial services provider's stock after acquiring an additional 129,399 shares during the quarter. Nantahala Capital Management LLC owned 2.49% of Scully Royalty worth $3,410,000 at the end of the most recent quarter. 41.96% of the stock is currently owned by hedge funds and other institutional investors.

Scully Royalty Stock Down 5.4%

NYSE SRL traded down $0.33 during mid-day trading on Friday, hitting $5.72. The stock had a trading volume of 4,151 shares, compared to its average volume of 4,936. The firm's 50 day moving average is $6.18 and its 200 day moving average is $7.23. Scully Royalty has a twelve month low of $5.51 and a twelve month high of $9.99. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.12.

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.

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