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

Royce Otc Micro (NYSE:RMT) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 81,629 shares, a growth of 12.5% from the March 31st total of 72,577 shares. Based on an average daily volume of 130,682 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of Royce Otc Micro

Hedge funds have recently added to or reduced their stakes in the business. Saba Capital Management L.P. raised its stake in shares of Royce Otc Micro by 85.7% in the 4th quarter. Saba Capital Management L.P. now owns 2,614,909 shares of the financial services provider’s stock valued at $27,274,000 after purchasing an additional 1,206,828 shares during the period. UBS Group AG raised its stake in shares of Royce Otc Micro by 1.2% in the 3rd quarter. UBS Group AG now owns 1,043,876 shares of the financial services provider’s stock valued at $10,846,000 after purchasing an additional 12,378 shares during the period. LPL Financial LLC raised its stake in shares of Royce Otc Micro by 26.2% in the 4th quarter. LPL Financial LLC now owns 1,022,240 shares of the financial services provider’s stock valued at $10,662,000 after purchasing an additional 212,322 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Royce Otc Micro by 4.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,002,939 shares of the financial services provider’s stock valued at $10,461,000 after purchasing an additional 39,186 shares during the period. Finally, Alexander Randolph Advisory Inc. raised its stake in shares of Royce Otc Micro by 1.9% in the 4th quarter. Alexander Randolph Advisory Inc. now owns 968,549 shares of the financial services provider’s stock valued at $10,102,000 after purchasing an additional 18,353 shares during the period. Institutional investors and hedge funds own 34.98% of the company’s stock.

Royce Otc Micro Stock Up 1.3%

Shares of NYSE:RMT traded up $0.18 during midday trading on Friday, hitting $13.40. The company had a trading volume of 121,434 shares, compared to its average volume of 126,831. Royce Otc Micro has a 12 month low of $8.14 and a 12 month high of $13.45. The firm has a fifty day simple moving average of $12.12 and a 200 day simple moving average of $11.27.

Royce Otc Micro Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Thursday, March 12th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Thursday, March 12th.

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.