Royce Otc Micro (NYSE:RMT) Short Interest Down 57.4% in August

Royce Otc Micro (NYSE:RMT) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 19,130 shares, a decline of 57.4% from the July 30th total of 44,929 shares. Based on an average daily volume of 113,171 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Insider Transactions at Royce Otc Micro

In other Royce Otc Micro news, insider John E. Denneen acquired 4,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was bought at an average price of $13.70 per share, with a total value of $54,800.00. Following the completion of the transaction, the insider directly owned 12,232 shares of the company’s stock, valued at approximately $167,578.40. The trade was a 48.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Institutional Trading of Royce Otc Micro

Several large investors have recently modified their holdings of RMT. Lazard Asset Management LLC bought a new stake in shares of Royce Otc Micro in the first quarter worth $3,393,000. Waterfront Wealth Inc. bought a new position in Royce Otc Micro during the first quarter worth $2,361,000. Saba Capital Management L.P. boosted its holdings in Royce Otc Micro by 13.4% in the first quarter. Saba Capital Management L.P. now owns 2,965,400 shares of the financial services provider’s stock worth $33,539,000 after purchasing an additional 350,491 shares during the period. Bard Associates Inc. acquired a new position in Royce Otc Micro in the second quarter worth $1,813,000. Finally, Altium Capital Management LLC grew its position in shares of Royce Otc Micro by 179.1% during the 1st quarter. Altium Capital Management LLC now owns 243,050 shares of the financial services provider’s stock valued at $2,749,000 after buying an additional 155,972 shares during the last quarter. 34.98% of the stock is currently owned by institutional investors and hedge funds.

Royce Otc Micro Stock Performance

Shares of RMT opened at $13.98 on Monday. Royce Otc Micro has a 12 month low of $9.52 and a 12 month high of $14.78. The stock’s 50-day moving average is $14.12 and its two-hundred day moving average is $13.21.

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.