Scully Royalty Ltd. (NYSE:SRL) Short Interest Up 80.0% in February

Scully Royalty Ltd. (NYSE:SRL) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 2,700 shares, an increase of 80.0% from the January 31st total of 1,500 shares. Based on an average daily volume of 11,400 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Scully Royalty stock. SVB Wealth LLC acquired a new position in shares of Scully Royalty Ltd. (NYSE:SRL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 22,455 shares of the financial services provider’s stock, valued at approximately $208,000. SVB Wealth LLC owned approximately 0.15% of Scully Royalty as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 41.96% of the company’s stock.

Scully Royalty Price Performance

Shares of Scully Royalty stock traded up $0.01 during trading hours on Monday, reaching $7.76. 6,678 shares of the company’s stock were exchanged, compared to its average volume of 7,179. The business has a fifty day moving average of $7.89 and a two-hundred day moving average of $7.79. Scully Royalty has a 1 year low of $5.74 and a 1 year high of $9.99.

Scully Royalty Cuts Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 24th were issued a $0.26 dividend. The ex-dividend date was Friday, January 24th.

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.