Royalty Management Holding Corporation (NASDAQ:RMCO) Short Interest Down 17.7% in February

Royalty Management Holding Corporation (NASDAQ:RMCO) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 32,492 shares, a decline of 17.7% from the February 12th total of 39,481 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,970 shares, the days-to-cover ratio is currently 3.0 days. Based on an average daily trading volume, of 10,970 shares, the days-to-cover ratio is currently 3.0 days. Currently, 0.5% of the shares of the stock are sold short.

Royalty Management Price Performance

Shares of RMCO stock traded up $0.03 during trading hours on Monday, reaching $3.95. 1,080 shares of the company were exchanged, compared to its average volume of 25,644. Royalty Management has a fifty-two week low of $0.91 and a fifty-two week high of $5.00. The stock’s fifty day moving average is $3.95 and its two-hundred day moving average is $3.10. The company has a market cap of $59.80 million, a price-to-earnings ratio of -395.00 and a beta of -0.05.

Royalty Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.0025 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.01 annualized dividend and a yield of 0.3%. Royalty Management’s dividend payout ratio is currently -100.00%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Royalty Management in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Investors Weigh In On Royalty Management

An institutional investor recently bought a new position in Royalty Management stock. Blair William & Co. IL bought a new position in shares of Royalty Management Holding Corporation (NASDAQ:RMCO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned about 0.18% of Royalty Management as of its most recent SEC filing. Institutional investors own 67.15% of the company’s stock.

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.