Freehold Royalties Ltd. (OTCMKTS:FRHLF) Short Interest Up 5.2% in September

Freehold Royalties Ltd. (OTCMKTS:FRHLF) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 3,421,300 shares, a growth of 5.2% from the August 31st total of 3,251,300 shares. Based on an average daily volume of 78,200 shares, the days-to-cover ratio is currently 43.8 days.

Freehold Royalties Stock Up 2.2 %

OTCMKTS FRHLF opened at $10.60 on Wednesday. Freehold Royalties has a 1 year low of $9.30 and a 1 year high of $11.08. The company has a fifty day simple moving average of $10.05 and a 200 day simple moving average of $10.20.

Freehold Royalties Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.0662 per share. This represents a yield of 7.43%. This is a boost from Freehold Royalties’s previous dividend of $0.07. The ex-dividend date of this dividend is Monday, September 30th. Freehold Royalties’s dividend payout ratio is 181.76%.

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.