Short Interest in Royalty Management Holding Co. (NASDAQ:RMCO) Decreases By 61.7%

Royalty Management Holding Co. (NASDAQ:RMCO) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 7,900 shares, a decline of 61.7% from the February 28th total of 20,600 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 22,400 shares, the short-interest ratio is currently 0.4 days.

Royalty Management Stock Performance

Shares of RMCO opened at $1.12 on Thursday. Royalty Management has a 52 week low of $0.70 and a 52 week high of $1.59. The business has a 50-day simple moving average of $1.08 and a two-hundred day simple moving average of $1.03.

About Royalty Management

Royalty Management Holding Corporation provides environmental consulting and services in the United States. It is also involved in investing or purchasing assets, such as real estate and mining permits, patents, intellectual property, and emerging technologies. The company was incorporated in 2021 and is based in Fishers, Indiana.