Freehold Royalties Ltd. (OTCMKTS:FRHLF) Short Interest Up 14.1% in June

Freehold Royalties Ltd. (OTCMKTS:FRHLF) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 3,160,700 shares, a growth of 14.1% from the May 31st total of 2,769,000 shares. Based on an average trading volume of 30,200 shares, the days-to-cover ratio is currently 104.7 days.

Freehold Royalties Trading Down 0.7 %

OTCMKTS:FRHLF traded down $0.07 during midday trading on Monday, reaching $9.94. 14,800 shares of the company traded hands, compared to its average volume of 20,163. The company has a fifty day moving average price of $10.10 and a 200 day moving average price of $10.31. Freehold Royalties has a twelve month low of $9.30 and a twelve month high of $11.35.

Freehold Royalties Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.0654 per share. This represents a dividend yield of 7.95%. The ex-dividend date is Friday, June 28th. Freehold Royalties’s payout ratio is presently 181.76%.

About Freehold Royalties

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.