Royce Otc Micro (NYSE:RMT) Short Interest Update

Royce Otc Micro (NYSE:RMT) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 37,862 shares, a decline of 39.7% from the December 31st total of 62,759 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 178,800 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 178,800 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Insiders Place Their Bets

In other Royce Otc Micro news, insider Charles M. Royce sold 200,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $10.27, for a total transaction of $2,054,000.00. Following the completion of the sale, the insider owned 596,926 shares in the company, valued at $6,130,430.02. The trade was a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Royce Otc Micro

A number of large investors have recently added to or reduced their stakes in the company. CX Institutional bought a new position in shares of Royce Otc Micro during the 3rd quarter worth approximately $33,000. Advisory Services Network LLC acquired a new position in shares of Royce Otc Micro in the third quarter valued at approximately $36,000. Verus Capital Partners LLC bought a new stake in Royce Otc Micro in the 2nd quarter valued at $107,000. JFS Wealth Advisors LLC acquired a new stake in Royce Otc Micro in the 2nd quarter worth about $129,000. Finally, Revolve Wealth Partners LLC bought a new stake in shares of Royce Otc Micro during the 4th quarter valued at $148,000. Institutional investors own 34.98% of the company’s stock.

Royce Otc Micro Stock Up 0.4%

Shares of Royce Otc Micro stock opened at $11.56 on Friday. The stock’s fifty day moving average is $10.82 and its 200-day moving average is $10.34. Royce Otc Micro has a 12-month low of $7.25 and a 12-month high of $11.88.

Royce Otc Micro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were given a $0.24 dividend. The ex-dividend date was Thursday, December 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.3%. This is an increase from Royce Otc Micro’s previous quarterly dividend of $0.18.

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.