Royce Otc Micro (NYSE:RMT) Short Interest Update

Royce Otc Micro (NYSE:RMT) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 44,929 shares, a growth of 96.8% from the July 15th total of 22,830 shares. Based on an average daily volume of 121,053 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Insider Buying and Selling

In related news, insider John E. Denneen acquired 4,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $13.70 per share, for a total transaction of $54,800.00. Following the purchase, the insider 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RMT. Hara Capital LLC acquired a new position in Royce Otc Micro in the 2nd quarter worth about $33,000. International Assets Investment Management LLC acquired a new stake in shares of Royce Otc Micro during the 4th quarter valued at 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 bought a new stake in shares of Royce Otc Micro in the 4th quarter valued at approximately $40,000. Finally, Heritage Financial Services LLC acquired a new position in Royce Otc Micro in the fourth quarter worth approximately $105,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Royce Otc Micro Price Performance

Shares of NYSE:RMT opened at $14.60 on Tuesday. The firm has a fifty day moving average of $14.08 and a two-hundred day moving average of $13.04. Royce Otc Micro has a 12-month low of $9.52 and a 12-month high of $14.78.

Royce Otc Micro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 11th were issued a dividend of $0.21 per share. This is a positive change from Royce Otc Micro’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Thursday, June 11th.

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.