Royce Otc Micro (NYSE:RMT) Short Interest Up 27.3% in December

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

Insider Transactions at Royce Otc Micro

In related news, insider Charles M. Royce sold 200,000 shares of Royce Otc Micro 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 transaction, the insider owned 596,926 shares in the company, valued at $6,130,430.02. This trade represents a 25.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Royce Otc Micro

Several hedge funds have recently modified their holdings of RMT. CX Institutional bought a new position in Royce Otc Micro during the third quarter worth $33,000. Advisory Services Network LLC acquired a new stake in Royce Otc Micro in the 3rd quarter worth $36,000. Verus Capital Partners LLC bought a new position in shares of Royce Otc Micro during the 2nd quarter worth about $107,000. JFS Wealth Advisors LLC bought a new position in shares of Royce Otc Micro during the 2nd quarter worth about $129,000. Finally, Revolve Wealth Partners LLC acquired a new position in shares of Royce Otc Micro during the fourth quarter valued at about $148,000. 34.98% of the stock is owned by institutional investors.

Royce Otc Micro Trading Up 0.6%

Shares of NYSE:RMT traded up $0.07 during midday trading on Monday, hitting $11.56. The company’s stock had a trading volume of 185,483 shares, compared to its average volume of 131,469. The stock’s 50 day simple moving average is $10.55 and its 200 day simple moving average is $10.24. Royce Otc Micro has a fifty-two week low of $7.25 and a fifty-two week high of $11.62.

Royce Otc Micro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Thursday, December 11th were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $0.96 annualized dividend and a yield of 8.3%. This is an increase from Royce Otc Micro’s previous quarterly dividend of $0.18.

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.