Scully Royalty Ltd. (NYSE:SRL) Short Interest Down 60.0% in March

Scully Royalty Ltd. (NYSE:SRL) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,400 shares, a drop of 60.0% from the February 28th total of 3,500 shares. Based on an average trading volume of 10,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Scully Royalty Stock Performance

Scully Royalty stock opened at $8.11 on Thursday. Scully Royalty has a 12 month low of $5.74 and a 12 month high of $9.99. The stock’s 50-day moving average is $7.90 and its 200-day moving average is $7.77.

Scully Royalty Cuts Dividend

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

Institutional Trading of Scully Royalty

A hedge fund recently bought a new stake in Scully Royalty stock. SVB Wealth LLC bought a new stake in shares of Scully Royalty Ltd. (NYSE:SRL) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 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 at the end of the most recent quarter. 41.96% of the stock is currently owned by institutional investors.

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.