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 the month of November. As of November 30th, there was short interest totalling 45,000 shares, an increase of 27.8% from the November 15th total of 35,200 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 12,800 shares, the days-to-cover ratio is presently 3.5 days.

Royalty Management Price Performance

NASDAQ RMCO traded up $0.05 on Friday, hitting $1.07. 49,677 shares of the company traded hands, compared to its average volume of 68,229. The business’s 50 day moving average price is $1.02 and its 200-day moving average price is $0.96. Royalty Management has a 52-week low of $0.70 and a 52-week high of $4.75.

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.