Short Interest in Scully Royalty Ltd. (NYSE:SRL) Expands By 80.0%

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

Institutional Investors Weigh In On Scully Royalty

A hedge fund recently bought a new stake in Scully Royalty stock. SVB Wealth LLC purchased a new position in shares of Scully Royalty Ltd. (NYSE:SRL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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 filing with the Securities & Exchange Commission. 41.96% of the stock is currently owned by institutional investors.

Scully Royalty Trading Up 0.1 %

Shares of Scully Royalty stock opened at $7.76 on Tuesday. The company has a 50-day simple moving average of $7.91 and a two-hundred day simple moving average of $7.78. Scully Royalty has a one year low of $5.74 and a one year high of $9.99.

Scully Royalty Cuts Dividend

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

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.