Scully Royalty Ltd. (NYSE:SRL) Short Interest Update

Key Points

• Scully Royalty Ltd. experienced a substantial decrease in short interest, dropping 65.6% from 6,400 shares to 2,200 shares as of August 31st.
• The company's current share price is $5.33, with a 52-week low of $5.13 and a high of $9.99, indicating some volatility in its stock performance.
• Scully Royalty operates as an iron ore mining company, primarily holding royalty interests in the Scully iron ore mine in Newfoundland and Labrador, Canada.

Scully Royalty Ltd. (NYSE:SRL - Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,200 shares, a drop of 65.6% from the August 15th total of 6,400 shares. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the company's stock are sold short. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is presently 0.6 days.

Scully Royalty Stock Performance

Shares of NYSE SRL traded down $0.02 during midday trading on Wednesday, hitting $5.32. The company's stock had a trading volume of 446 shares, compared to its average volume of 2,289. The business's fifty day simple moving average is $5.62 and its two-hundred day simple moving average is $6.64. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.12. Scully Royalty has a 1 year low of $5.13 and a 1 year high of $9.99.

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.