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

Royce Otc Micro (NYSE:RMT) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 45,625 shares, an increase of 20.5% from the January 15th total of 37,862 shares. Based on an average daily volume of 130,946 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 130,946 shares, the short-interest ratio is presently 0.3 days.

Royce Otc Micro Stock Up 0.5%

NYSE RMT traded up $0.06 during trading hours on Wednesday, reaching $12.06. The company’s stock had a trading volume of 177,443 shares, compared to its average volume of 155,567. Royce Otc Micro has a 52 week low of $7.25 and a 52 week high of $12.17. The firm has a fifty day simple moving average of $11.19 and a 200-day simple moving average of $10.55.

Royce Otc Micro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Thursday, December 11th were given a dividend of $0.24 per share. This is an increase from Royce Otc Micro’s previous quarterly dividend of $0.18. This represents a $0.96 annualized dividend and a dividend yield of 8.0%. The ex-dividend date was Thursday, December 11th.

Institutional Investors Weigh In On Royce Otc Micro

A number of hedge funds have recently made changes to their positions in RMT. Saba Capital Management L.P. increased its stake in shares of Royce Otc Micro by 85.7% during the fourth quarter. Saba Capital Management L.P. now owns 2,614,909 shares of the financial services provider’s stock valued at $27,274,000 after buying an additional 1,206,828 shares during the period. Modern Wealth Management LLC increased its position in Royce Otc Micro by 1.9% during the second quarter. Modern Wealth Management LLC now owns 1,095,569 shares of the financial services provider’s stock valued at $10,134,000 after acquiring an additional 20,815 shares during the last quarter. UBS Group AG increased its stake in shares of Royce Otc Micro by 1.2% in the 3rd quarter. UBS Group AG now owns 1,043,876 shares of the financial services provider’s stock worth $10,846,000 after purchasing an additional 12,378 shares in the last quarter. LPL Financial LLC raised its stake in Royce Otc Micro by 26.2% during the 4th quarter. LPL Financial LLC now owns 1,022,240 shares of the financial services provider’s stock worth $10,662,000 after acquiring an additional 212,322 shares during the period. Finally, Shaker Financial Services LLC boosted its stake in shares of Royce Otc Micro by 12.6% in 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 acquiring an additional 114,526 shares during the period. 34.98% of the stock is currently owned by institutional investors.

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.