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

Royce Otc Micro (NYSE:RMT) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 62,759 shares, an increase of 27.3% from the December 15th total of 49,302 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 87,464 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 87,464 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are short sold.

Royce Otc Micro Trading Up 0.6%

RMT traded up $0.07 on Friday, hitting $11.56. 185,483 shares of the company’s stock were exchanged, compared to its average volume of 125,843. The firm has a 50-day moving average price of $10.53 and a 200-day moving average price of $10.22. Royce Otc Micro has a fifty-two week low of $7.25 and a fifty-two week high of $11.62.

Royce Otc Micro Increases Dividend

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

Insider Activity

In related news, insider Charles M. Royce sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was 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 directly owned 596,926 shares in the company, valued at approximately $6,130,430.02. The trade was a 25.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Royce Otc Micro by 11.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 832,898 shares of the financial services provider’s stock worth $7,704,000 after acquiring an additional 87,000 shares during the period. Traub Capital Management LLC purchased a new stake in shares of Royce Otc Micro in the second quarter valued at about $306,000. Wolverine Asset Management LLC increased its position in Royce Otc Micro by 28.2% during the second quarter. Wolverine Asset Management LLC now owns 492,646 shares of the financial services provider’s stock worth $4,557,000 after purchasing an additional 108,516 shares during the last quarter. Shaker Financial Services LLC raised its stake in Royce Otc Micro by 12.6% during the second quarter. Shaker Financial Services LLC now owns 1,021,723 shares of the financial services provider’s stock worth $9,451,000 after purchasing an additional 114,526 shares during the period. Finally, Comprehensive Money Management Services LLC boosted its holdings in Royce Otc Micro by 22.5% in the 2nd quarter. Comprehensive Money Management Services LLC now owns 19,305 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 3,550 shares during the last quarter. 34.98% of the stock is currently owned by institutional investors and hedge funds.

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.