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

Royalty Management Holding Corporation (NASDAQ:RMCO) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 84,697 shares, a growth of 56.8% from the December 15th total of 54,015 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average trading volume of 30,888 shares, the short-interest ratio is currently 2.7 days. Based on an average trading volume of 30,888 shares, the short-interest ratio is currently 2.7 days. Currently, 1.3% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RMCO. Weiss Ratings restated a “sell (d-)” rating on shares of Royalty Management in a report on Wednesday, October 8th. Zacks Research raised shares of Royalty Management to a “hold” rating in a report on Tuesday, October 21st. Finally, William Blair began coverage on shares of Royalty Management in a research report on Monday, October 20th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Royalty Management Stock Up 12.7%

Royalty Management stock opened at $4.17 on Friday. The company has a 50 day moving average of $2.83 and a 200-day moving average of $2.38. Royalty Management has a twelve month low of $0.91 and a twelve month high of $4.76. The stock has a market capitalization of $63.14 million, a PE ratio of -417.00 and a beta of -0.07.

Royalty Management (NASDAQ:RMCO) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company had revenue of $1.30 million during the quarter, compared to the consensus estimate of $2.00 million. Royalty Management had a negative net margin of 9.22% and a negative return on equity of 2.94%.

Royalty Management Dividend Announcement

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%.

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.