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

Royce Otc Micro (NYSE:RMT) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 48,833 shares, a growth of 230.4% from the February 12th total of 14,778 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 152,066 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 152,066 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Royce Otc Micro Price Performance

NYSE:RMT traded up $0.06 during mid-day trading on Wednesday, hitting $11.76. The company’s stock had a trading volume of 106,043 shares, compared to its average volume of 157,458. The business’s fifty day moving average is $11.65 and its two-hundred day moving average is $10.81. Royce Otc Micro has a 1 year low of $7.25 and a 1 year high of $12.50.

Royce Otc Micro Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Thursday, March 12th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Thursday, March 12th.

Institutional Trading of Royce Otc Micro

Hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in Royce Otc Micro during the fourth quarter valued at approximately $31,000. CX Institutional purchased a new stake in Royce Otc Micro in the 3rd quarter worth approximately $33,000. Advisory Services Network LLC acquired a new stake in shares of Royce Otc Micro during the 3rd quarter worth approximately $36,000. Kestra Advisory Services LLC purchased a new position in shares of Royce Otc Micro during the 4th quarter valued at approximately $40,000. Finally, Heritage Financial Services LLC purchased a new position in shares of Royce Otc Micro during the 4th quarter valued at approximately $105,000. 34.98% of the stock is owned by institutional investors and hedge funds.

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.