Short Interest in Royalty Management Holding Co. (NASDAQ:RMCO) Declines By 20.4%

Royalty Management Holding Co. (NASDAQ:RMCO) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 35,200 shares, a decline of 20.4% from the October 31st total of 44,200 shares. Based on an average daily trading volume, of 16,800 shares, the short-interest ratio is presently 2.1 days. Approximately 0.5% of the shares of the stock are sold short.

Royalty Management Trading Up 3.0 %

Royalty Management stock opened at $1.03 on Monday. The firm’s 50-day simple moving average is $1.01 and its 200 day simple moving average is $0.97. Royalty Management has a 52 week low of $0.70 and a 52 week high of $4.75.

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.