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

Scully Royalty Ltd. (NYSE:SRL - Get Free Report) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 600 shares, a decline of 64.7% from the March 31st total of 1,700 shares. Based on an average daily trading volume, of 5,500 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's stock are sold short.

Scully Royalty Stock Down 3.6 %

Shares of NYSE:SRL traded down $0.29 during mid-day trading on Thursday, hitting $7.73. 2,332 shares of the company traded hands, compared to its average volume of 5,510. The stock has a 50-day moving average price of $7.83 and a two-hundred day moving average price of $7.76. Scully Royalty has a 12-month low of $5.74 and a 12-month high of $9.99.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Scully Royalty stock. SVB Wealth LLC acquired a new stake in shares of Scully Royalty Ltd. (NYSE:SRL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,455 shares of the financial services provider's stock, valued at approximately $208,000. SVB Wealth LLC owned about 0.15% of Scully Royalty as of its most recent SEC filing. 41.96% of the stock is currently owned by hedge funds and other institutional investors.

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.