Short Interest in Royalty Management Holding Co. (NASDAQ:RMCO) Drops By 63.3%

Royalty Management Holding Co. (NASDAQ:RMCO) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 15,600 shares, a drop of 63.3% from the December 15th total of 42,500 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 24,000 shares, the days-to-cover ratio is presently 0.7 days.

Royalty Management Trading Down 1.6 %

RMCO traded down $0.02 during trading on Tuesday, hitting $1.01. The company had a trading volume of 14,370 shares, compared to its average volume of 20,709. Royalty Management has a 1-year low of $0.70 and a 1-year high of $1.85. The business has a 50-day moving average of $1.04 and a 200-day moving average of $0.96.

Royalty Management Company Profile

Royalty Management Holding Corporation provides environmental consulting and services in the United States. It is also involved in investing or purchasing assets, such as real estate and mining permits, patents, intellectual property, and emerging technologies. The company was incorporated in 2021 and is based in Fishers, Indiana.