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

Royalty Management Holding Corporation (NASDAQ:RMCO) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 32,492 shares, a drop of 17.7% from the February 12th total of 39,481 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 10,970 shares, the days-to-cover ratio is currently 3.0 days. Based on an average daily volume of 10,970 shares, the days-to-cover ratio is currently 3.0 days. Approximately 0.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Royalty Management stock. Blair William & Co. IL purchased a new position in Royalty Management Holding Corporation (NASDAQ:RMCO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned approximately 0.18% of Royalty Management at the end of the most recent reporting period. 67.15% of the stock is owned by institutional investors.

Royalty Management Price Performance

RMCO traded up $0.03 during mid-day trading on Monday, hitting $3.95. The stock had a trading volume of 1,080 shares, compared to its average volume of 25,644. The stock’s fifty day simple moving average is $3.95 and its 200-day simple moving average is $3.10. The firm has a market capitalization of $59.80 million, a price-to-earnings ratio of -395.00 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Royalty Management’s dividend payout ratio (DPR) is presently -100.00%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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 assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Royalty Management has a consensus rating of “Hold”.

Royalty Management Company Profile

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.