Royce Otc Micro (NYSE:RMT) Short Interest Update

Royce Otc Micro (NYSE:RMT) saw a significant growth in short interest in the month of 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 days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Insider Buying and Selling

In related news, insider John E. Denneen acquired 4,000 shares of Royce Otc Micro stock in a transaction on Friday, June 5th. The shares were bought at an average price of $13.70 per share, for a total transaction of $54,800.00. Following the completion of the purchase, the insider directly owned 12,232 shares in the company, valued at $167,578.40. This trade represents a 48.59% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Royce Otc Micro

Institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of Royce Otc Micro during the fourth quarter valued at about $31,000. Hara Capital LLC purchased a new position in Royce Otc Micro in the second quarter valued at about $33,000. Advisory Services Network LLC acquired a new stake in Royce Otc Micro during the 3rd quarter valued at approximately $36,000. Kestra Advisory Services LLC acquired a new stake in Royce Otc Micro during the 4th quarter valued at approximately $40,000. Finally, Heritage Financial Services LLC purchased a new stake in Royce Otc Micro during the 4th quarter worth approximately $105,000. Institutional investors and hedge funds own 34.98% of the company’s stock.

Royce Otc Micro Stock Performance

Shares of NYSE:RMT traded up $0.03 during mid-day trading on Friday, hitting $14.62. 51,245 shares of the company traded hands, compared to its average volume of 120,043. Royce Otc Micro has a 52-week low of $9.52 and a 52-week high of $14.78. The firm’s 50 day simple moving average is $14.07 and its 200 day simple moving average is $13.01.

Royce Otc Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 11th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.7%. This is a boost from Royce Otc Micro’s previous quarterly dividend of $0.19. 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.