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

Royalty Management Holding Co. (NASDAQ:RMCO) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 131,100 shares, an increase of 201.4% from the February 29th total of 43,500 shares. Based on an average trading volume of 778,500 shares, the days-to-cover ratio is currently 0.2 days. Approximately 29.2% of the shares of the stock are short sold.

Royalty Management Stock Down 2.5 %

RMCO traded down $0.03 on Thursday, reaching $1.16. The stock had a trading volume of 16,437 shares, compared to its average volume of 183,391. The firm’s 50-day moving average price is $1.39. Royalty Management has a fifty-two week low of $1.10 and a fifty-two week high of $22.97.

Royalty Management Company Profile

Royalty Management Holding Corporation operates as a royalty company that identifies and invests in undervalued assets. It acquires and invests in natural resources, patents, intellectual property, and digital assets. The company was founded in 2021 and is based in Fishers, Indiana.