Royce Otc Micro (NYSE:RMT) Short Interest Update

Royce Otc Micro (NYSE:RMT) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 37,862 shares, a decrease of 39.7% from the December 31st total of 62,759 shares. Based on an average trading volume of 178,800 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 178,800 shares, the short-interest ratio is presently 0.2 days.

Royce Otc Micro Trading Up 0.4%

NYSE:RMT opened at $11.56 on Friday. Royce Otc Micro has a twelve month low of $7.25 and a twelve month high of $11.88. The company has a fifty day moving average of $10.82 and a 200-day moving average of $10.34.

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 paid a dividend of $0.24 per share. This is a boost from Royce Otc Micro’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, December 11th. This represents a $0.96 dividend on an annualized basis and a yield of 8.3%.

Insider Activity

In related news, insider Charles M. Royce sold 200,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $10.27, for a total transaction of $2,054,000.00. Following the completion of the transaction, the insider directly owned 596,926 shares of the company’s stock, valued at $6,130,430.02. This trade represents a 25.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is owned by corporate insiders.

Institutional Trading of Royce Otc Micro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CX Institutional purchased a new stake in Royce Otc Micro in the 3rd quarter valued at $33,000. Advisory Services Network LLC purchased a new stake in shares of Royce Otc Micro in the third quarter valued at about $36,000. Verus Capital Partners LLC bought a new position in shares of Royce Otc Micro during the second quarter valued at about $107,000. JFS Wealth Advisors LLC purchased a new position in Royce Otc Micro during the second quarter worth about $129,000. Finally, Revolve Wealth Partners LLC bought a new stake in Royce Otc Micro in the 4th quarter worth about $148,000. 34.98% of the stock is owned by institutional investors.

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.