Royalty Management Holding Corporation (NASDAQ:RMCO) Short Interest Update

Royalty Management Holding Corporation (NASDAQ:RMCO) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 17,936 shares, a drop of 39.2% from the March 15th total of 29,476 shares. Based on an average trading volume of 38,539 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

Royalty Management Stock Performance

RMCO opened at $2.60 on Monday. The stock has a fifty day simple moving average of $3.65 and a two-hundred day simple moving average of $3.26. The company has a market cap of $39.39 million, a price-to-earnings ratio of -65.00 and a beta of 0.07. Royalty Management has a 12-month low of $0.94 and a 12-month high of $5.00.

Royalty Management (NASDAQ:RMCO) last posted its quarterly earnings data on Monday, April 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The firm had revenue of $1.40 million during the quarter, compared to the consensus estimate of $2.00 million. Royalty Management had a negative return on equity of 6.18% and a negative net margin of 14.71%.

Royalty Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were issued a $0.0025 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.01 dividend on an annualized basis and a yield of 0.4%. Royalty Management’s dividend payout ratio is -25.00%.

Hedge Funds Weigh In On Royalty Management

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

Analyst Upgrades and Downgrades

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