Royce Otc Micro (NYSE:RMT) Sees Significant Increase in Short Interest

Royce Otc Micro (NYSE:RMT) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 62,759 shares, a growth of 27.3% from the December 15th total of 49,302 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 87,464 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 87,464 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the company’s shares are sold short.

Insider Activity

In other news, insider Charles M. Royce sold 200,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $10.27, for a total value of $2,054,000.00. Following the sale, the insider directly owned 596,926 shares of the company’s stock, valued at approximately $6,130,430.02. This represents a 25.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Royce Otc Micro

Several institutional investors have recently added to or reduced their stakes in the business. CX Institutional acquired a new stake in shares of Royce Otc Micro during the 3rd quarter worth approximately $33,000. Advisory Services Network LLC bought a new position in Royce Otc Micro during the third quarter worth $36,000. Verus Capital Partners LLC acquired a new stake in Royce Otc Micro in the second quarter worth $107,000. JFS Wealth Advisors LLC bought a new stake in Royce Otc Micro in the second quarter valued at $129,000. Finally, Revolve Wealth Partners LLC bought a new stake in Royce Otc Micro in the fourth quarter valued at $148,000. 34.98% of the stock is owned by institutional investors and hedge funds.

Royce Otc Micro Stock Down 0.2%

Shares of RMT opened at $11.47 on Tuesday. The firm’s fifty day simple moving average is $10.55 and its two-hundred day simple moving average is $10.24. Royce Otc Micro has a 12 month low of $7.25 and a 12 month high of $11.62.

Royce Otc Micro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 8.4%. The ex-dividend date was Thursday, December 11th. This is a positive change from Royce Otc Micro’s previous quarterly dividend of $0.18.

About Royce Otc Micro

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.