Short Interest in Freehold Royalties Ltd. (OTCMKTS:FRHLF) Rises By 30.1%

Freehold Royalties Ltd. (OTCMKTS:FRHLF) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 5,255,000 shares, a growth of 30.1% from the March 31st total of 4,040,700 shares. Based on an average daily trading volume, of 192,400 shares, the days-to-cover ratio is presently 27.3 days.

Freehold Royalties Stock Up 0.2 %

FRHLF stock opened at $8.29 on Friday. Freehold Royalties has a twelve month low of $7.45 and a twelve month high of $10.81. The business’s 50-day moving average price is $8.53 and its 200-day moving average price is $9.07.

Freehold Royalties Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.0647 per share. This represents a yield of 9.07%. This is a positive change from Freehold Royalties’s previous dividend of $0.06. The ex-dividend date is Wednesday, April 30th. Freehold Royalties’s payout ratio is presently 181.76%.

Wall Street Analyst Weigh In

Separately, National Bankshares reiterated an “outperform” rating on shares of Freehold Royalties in a research note on Friday, April 25th.

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.