Royalty Management Holding Co. (NASDAQ:RMCO) Sees Large Decline in Short Interest

Royalty Management Holding Co. (NASDAQ:RMCO) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 44,200 shares, a decline of 23.0% from the March 31st total of 57,400 shares. Based on an average daily volume of 159,500 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.5% of the company’s shares are short sold.

Royalty Management Stock Performance

Shares of NASDAQ:RMCO traded down $0.06 during trading on Tuesday, reaching $0.87. 27,370 shares of the company traded hands, compared to its average volume of 144,589. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.20 and a current ratio of 0.20. Royalty Management has a 52-week low of $0.70 and a 52-week high of $22.97. The firm’s fifty day simple moving average is $1.20.

About Royalty Management

Royalty Management Holding Corporation operates as a royalty company that identifies and invests in undervalued assets. It acquires and invests in natural resources, patents, intellectual property, and digital assets. The company was founded in 2021 and is based in Fishers, Indiana.