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

Royalty Management Holding Co. (NASDAQ:RMCO) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 15,600 shares, a decline of 63.3% from the December 31st total of 42,500 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 24,000 shares, the short-interest ratio is currently 0.7 days.

Royalty Management Stock Down 1.2 %

RMCO stock traded down $0.01 during midday trading on Tuesday, reaching $1.07. 5,344 shares of the company’s stock traded hands, compared to its average volume of 15,943. Royalty Management has a 52-week low of $0.70 and a 52-week high of $1.80. The stock’s 50-day moving average is $1.03 and its 200 day moving average is $0.98.

About Royalty Management

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.