Vox Royalty Corp. (NASDAQ:VOXR) Sees Large Increase in Short Interest

Key Points

• 33.0% jump in short interest in March pushed shorted shares to 1,515,165 (about 2.2% of shares sold short) with a days-to-cover ratio of 1.9.
• The company missed EPS expectations (reported $0.01 vs. $0.06 estimate) though revenue beat; shares trade near $5.65 with a market cap of ~$389M and Vox pays a $0.015 quarterly dividend (≈1.1% yield) with an 85.7% payout ratio.
• Analyst and institutional backdrop is cautious: average rating is "Reduce" after recent downgrades (Zacks to "strong sell"), while institutional ownership is ~45.95% with recent notable buys including McAlvany (~$2.6M) and a large increase by Virtu Financial.

Vox Royalty Corp. (NASDAQ:VOXR - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 1,515,165 shares, a growth of 33.0% from the March 15th total of 1,138,997 shares. Based on an average daily trading volume, of 813,031 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.2% of the shares of the stock are sold short.

Institutional Trading of Vox Royalty

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. McAlvany Wealth Management LLC bought a new stake in Vox Royalty during the 4th quarter worth about $2,604,000. Hsbc Holdings PLC bought a new stake in Vox Royalty during the 4th quarter worth about $58,000. Virtu Financial LLC raised its holdings in Vox Royalty by 260.5% during the 4th quarter. Virtu Financial LLC now owns 39,040 shares of the company's stock worth $185,000 after purchasing an additional 28,211 shares during the last quarter. Invesco Ltd. raised its holdings in Vox Royalty by 17.7% during the 4th quarter. Invesco Ltd. now owns 33,333 shares of the company's stock worth $158,000 after purchasing an additional 5,016 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Vox Royalty during the 4th quarter worth about $85,000. 45.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VOXR shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vox Royalty in a report on Friday, March 27th. Zacks Research cut Vox Royalty from a "hold" rating to a "strong sell" rating in a report on Monday, April 6th. Finally, Wall Street Zen cut Vox Royalty from a "buy" rating to a "hold" rating in a report on Saturday, April 4th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Reduce".

Vox Royalty Stock Performance

Vox Royalty stock opened at $5.65 on Wednesday. The stock has a 50-day simple moving average of $5.49 and a 200 day simple moving average of $4.96. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.06. Vox Royalty has a 12-month low of $2.97 and a 12-month high of $6.59. The stock has a market capitalization of $389.29 million, a price-to-earnings ratio of 80.71 and a beta of 0.49.

Vox Royalty (NASDAQ:VOXR - Get Free Report) last announced its quarterly earnings data on Monday, March 30th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). The firm had revenue of $7.36 million for the quarter, compared to the consensus estimate of $5.88 million. Vox Royalty had a return on equity of 0.71% and a net margin of 35.42%. On average, research analysts anticipate that Vox Royalty will post -0.01 earnings per share for the current fiscal year.

Vox Royalty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, March 31st. Vox Royalty's payout ratio is currently 85.71%.

Vox Royalty Company Profile

Vox Royalty Corp. is a mining royalty and streaming company that acquires interest in precious and base metal projects around the world. By investing in royalty and metal stream agreements, the company provides non-dilutive financing to exploration and mining operators in exchange for a percentage of production revenue or metal offtake. This model allows Vox Royalty to build a steady cash-flow profile without the operational risks and capital expenditures associated with direct mine ownership.

Since its founding in 2018 and subsequent listing on the TSX Venture Exchange, Vox Royalty has assembled a diversified portfolio of royalty and stream interests covering gold, silver, copper, zinc, nickel and other battery metals.

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