Royce Otc Micro (NYSE:RMT) Sees Large Growth in Short Interest

Royce Otc Micro (NYSE:RMT) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 48,833 shares, an increase of 230.4% from the February 12th total of 14,778 shares. Based on an average daily volume of 152,066 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 152,066 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RMT. International Assets Investment Management LLC acquired a new stake in Royce Otc Micro in the fourth quarter worth approximately $31,000. CX Institutional acquired a new position in shares of Royce Otc Micro during the 3rd quarter valued at $33,000. Advisory Services Network LLC bought a new stake in shares of Royce Otc Micro in the 3rd quarter worth $36,000. Kestra Advisory Services LLC acquired a new stake in shares of Royce Otc Micro in the fourth quarter valued at $40,000. Finally, Heritage Financial Services LLC acquired a new stake in shares of Royce Otc Micro in the fourth quarter valued at $105,000. Institutional investors and hedge funds own 34.98% of the company’s stock.

Royce Otc Micro Stock Performance

RMT traded down $0.06 on Friday, reaching $11.30. The company had a trading volume of 108,746 shares, compared to its average volume of 154,503. The company has a fifty day moving average of $11.70 and a 200-day moving average of $10.82. Royce Otc Micro has a one year low of $7.25 and a one year high of $12.50.

Royce Otc Micro Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Thursday, March 12th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Thursday, March 12th.

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.