Short Interest in Royce Otc Micro (NYSE:RMT) Decreases By 67.6%

Royce Otc Micro (NYSE:RMT) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 14,778 shares, a decrease of 67.6% from the January 29th total of 45,625 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 160,010 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 160,010 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Royce Otc Micro Trading Down 0.0%

NYSE:RMT traded down $0.01 during trading hours on Thursday, reaching $12.29. 56,954 shares of the stock were exchanged, compared to its average volume of 152,746. Royce Otc Micro has a 52 week low of $7.25 and a 52 week high of $12.38. The firm has a 50 day simple moving average of $11.38 and a 200-day simple moving average of $10.66.

Royce Otc Micro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 7.8%. This is a boost from Royce Otc Micro’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, December 11th.

Hedge Funds Weigh In On Royce Otc Micro

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC raised its stake in shares of Royce Otc Micro by 3.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,732 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 897 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in Royce Otc Micro by 1.6% during the fourth quarter. Guggenheim Capital LLC now owns 60,599 shares of the financial services provider’s stock worth $632,000 after buying an additional 926 shares in the last quarter. Sapient Capital LLC boosted its stake in shares of Royce Otc Micro by 2.3% during the 4th quarter. Sapient Capital LLC now owns 47,740 shares of the financial services provider’s stock worth $503,000 after acquiring an additional 1,068 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in Royce Otc Micro by 1.9% during the 3rd quarter. Diversify Advisory Services LLC now owns 65,302 shares of the financial services provider’s stock worth $686,000 after buying an additional 1,231 shares during the period. Finally, First Trust Advisors LP lifted its stake in Royce Otc Micro by 2.6% in the 4th quarter. First Trust Advisors LP now owns 52,271 shares of the financial services provider’s stock worth $545,000 after acquiring an additional 1,328 shares in the last quarter. 34.98% of the stock is owned by institutional investors.

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.