Short Interest in Royce Otc Micro (NYSE:RMT) Decreases By 34.8%

Royce Otc Micro (NYSE:RMT) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 22,830 shares, a drop of 34.8% from the June 30th total of 35,022 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 139,884 shares, the days-to-cover ratio is currently 0.2 days.

Royce Otc Micro Stock Down 0.5%

RMT stock traded down $0.07 during midday trading on Friday, hitting $13.63. The stock had a trading volume of 67,714 shares, compared to its average volume of 124,563. Royce Otc Micro has a 52 week low of $9.25 and a 52 week high of $14.78. The stock has a 50-day simple moving average of $14.00 and a 200 day simple moving average of $12.82.

Royce Otc Micro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 11th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Thursday, June 11th. This is a positive change from Royce Otc Micro’s previous quarterly dividend of $0.19.

Insider Buying and Selling

In other Royce Otc Micro news, insider John E. Denneen purchased 4,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $13.70 per share, for a total transaction of $54,800.00. Following the completion of the acquisition, the insider directly owned 12,232 shares in the company, valued at $167,578.40. This represents a 48.59% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Institutional Trading of Royce Otc Micro

Several institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in Royce Otc Micro in the fourth quarter worth about $31,000. Advisory Services Network LLC bought a new stake in shares of Royce Otc Micro in the 3rd quarter valued at approximately $36,000. Kestra Advisory Services LLC acquired a new position in shares of Royce Otc Micro in the 4th quarter worth approximately $40,000. Heritage Financial Services LLC acquired a new position in shares of Royce Otc Micro in the 4th quarter worth approximately $105,000. Finally, Closed End Fund Advisors Inc. bought a new position in shares of Royce Otc Micro during the 4th quarter worth approximately $144,000. 34.98% of the stock is currently owned by institutional investors and hedge funds.

Royce Otc Micro Company Profile

Royce Micro-Cap Trust, Inc (NYSE: RMT) is a closed-end management investment company primarily focused on micro-capitalization equity securities. The trust seeks long-term capital appreciation by investing in small U.S. companies that, due to their relatively low market values, often receive less attention from larger institutional investors.

Managed by Royce & Associates, LLC, RMT employs a fundamental, value-oriented investment strategy grounded in in-depth, bottom-up research. Portfolio managers analyze financial statements, market trends and company management to identify undervalued firms with the potential for significant growth.