Freehold Royalties Ltd. (OTCMKTS:FRHLF) Sees Significant Increase in Short Interest

Freehold Royalties Ltd. (OTCMKTS:FRHLF) was the target of a significant growth in short interest in 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 %

Shares of FRHLF stock opened at $10.60 on Wednesday. Freehold Royalties has a one year low of $9.30 and a one year high of $11.08. The stock has a fifty day moving average price of $10.05 and a 200 day moving average price of $10.20.

Freehold Royalties Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.0662 per share. This is a positive change from Freehold Royalties’s previous dividend of $0.07. This represents a dividend yield of 7.43%. The ex-dividend date of this dividend is Monday, September 30th. Freehold Royalties’s 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.