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 - Get Free Report) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 7,300 shares, anincreaseof7,200.0% from the June 30th total of 100 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is currently 1.9 days. Approximately0.1% of the company's stock are sold short. Approximately0.1% of the company's stock are sold short. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is currently 1.9 days.

Scully Royalty Stock Performance

Scully Royalty stock traded up $0.06 during mid-day trading on Tuesday, reaching $5.78. The company had a trading volume of 3,025 shares, compared to its average volume of 4,350. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.56 and a quick ratio of 4.56. Scully Royalty has a 52 week low of $5.51 and a 52 week high of $9.99. The company has a 50 day moving average of $6.14 and a 200-day moving average of $7.18.

Institutional Investors Weigh In On Scully Royalty

An institutional investor recently raised its position in Scully Royalty stock. Nantahala Capital Management LLC lifted its holdings in Scully Royalty Ltd. (NYSE:SRL - Free Report) by 54.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 2.49% of Scully Royalty worth $3,410,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 41.96% of the company's stock.

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.