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

Royalty Management Holding Corporation (NASDAQ:RMCO) saw a significant drop in short interest in 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 company’s shares are sold short. Based on an average daily volume of 18,302 shares, the short-interest ratio is presently 2.2 days. Based on an average daily volume of 18,302 shares, the short-interest ratio is presently 2.2 days. Approximately 0.6% of the company’s shares are sold short.

Royalty Management Stock Performance

NASDAQ RMCO traded up $0.28 on Wednesday, reaching $4.28. The company had a trading volume of 5,535 shares, compared to its average volume of 28,314. The company’s fifty day moving average is $3.77 and its 200-day moving average is $2.97. 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 has a 1-year low of $0.91 and a 1-year high of $5.00.

Royalty Management Announces Dividend

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

Hedge Funds Weigh In On Royalty Management

An institutional investor recently bought a new position in Royalty Management stock. Blair William & Co. IL acquired a new stake in Royalty Management Holding Corporation (NASDAQ:RMCO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 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. 67.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.