Royalty Management Holding Corporation (NASDAQ:RMCO) Sees Significant Decrease in Short Interest

Royalty Management Holding Corporation (NASDAQ:RMCO) saw a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 39,481 shares, a drop of 14.1% from the January 29th total of 45,981 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 18,302 shares, the short-interest ratio is currently 2.2 days. Based on an average daily volume of 18,302 shares, the short-interest ratio is currently 2.2 days. Approximately 0.6% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Royalty Management in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Trading of Royalty Management

A hedge fund recently bought a new stake in Royalty Management stock. Blair William & Co. IL purchased a new stake in Royalty Management Holding Corporation (NASDAQ:RMCO) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned 0.18% of Royalty Management at the end of the most recent reporting period. 67.15% of the stock is owned by hedge funds and other institutional investors.

Royalty Management Stock Performance

Shares of RMCO stock traded up $0.28 during trading hours on Wednesday, hitting $4.28. The company had a trading volume of 5,535 shares, compared to its average volume of 28,314. The firm’s fifty day moving average is $3.77 and its 200 day moving average is $2.97. Royalty Management has a 12 month low of $0.91 and a 12 month high of $5.00. The firm has a market capitalization of $64.80 million, a price-to-earnings ratio of -428.00 and a beta of -0.05.

Royalty Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, January 10th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Wednesday, December 31st. Royalty Management’s dividend payout ratio is presently -100.00%.

About Royalty Management

Royalty Management Corporation is a Houston‐based mineral royalty acquisition and management company that owns and operates a diversified portfolio of oil and gas royalty interests. The firm’s primary business activity is the acquisition of royalty and overriding royalty interests in onshore oil and gas properties, allowing investors to participate in production revenue streams without the operational risks associated with drilling and exploration. Royalty Management targets assets in established U.S.