Short Interest in Freehold Royalties Ltd. (OTCMKTS:FRHLF) Rises By 18.9%

Freehold Royalties Ltd. (OTCMKTS:FRHLF) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 3,294,800 shares, an increase of 18.9% from the July 31st total of 2,770,100 shares. Based on an average daily trading volume, of 82,100 shares, the days-to-cover ratio is currently 40.1 days.

Freehold Royalties Price Performance

Shares of OTCMKTS:FRHLF opened at $10.21 on Monday. Freehold Royalties has a 12-month low of $9.30 and a 12-month high of $11.35. The business has a 50 day moving average of $10.06 and a two-hundred day moving average of $10.23.

Freehold Royalties Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 2nd will be issued a dividend of $0.0651 per share. This represents a yield of 7.8%. The ex-dividend date of this dividend is Friday, August 30th. Freehold Royalties’s dividend payout ratio (DPR) is presently 181.76%.

Freehold Royalties Company Profile

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.