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

Key Points

• Short interest in Royce Otc Micro (NYSE:RMT) decreased by 19.7%, totaling 75,600 shares as of August 15th, down from 94,100 shares at the end of July.
• The company declared a $0.18 quarterly dividend, with a yield of 7.0%, to be paid on September 25th to investors of record on September 12th.
• Royce Otc Micro's stock recently traded at $10.24, with a 12-month trading range of $7.25 to $10.43.

Royce Otc Micro (NYSE:RMT - Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 75,600 shares, a decline of 19.7% from the July 31st total of 94,100 shares. Based on an average daily volume of 126,600 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 126,600 shares, the short-interest ratio is presently 0.6 days.

Royce Otc Micro Stock Performance

NYSE:RMT traded down $0.23 during trading hours on Friday, reaching $10.19. 79,297 shares of the company were exchanged, compared to its average volume of 136,142. The stock's 50-day moving average is $9.78 and its 200-day moving average is $8.99. Royce Otc Micro has a twelve month low of $7.25 and a twelve month high of $10.45.

Royce Otc Micro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.1%.

Institutional Investors Weigh In On Royce Otc Micro

A number of large investors have recently modified their holdings of RMT. Revolve Wealth Partners LLC purchased a new position in Royce Otc Micro during the fourth quarter worth about $148,000. Stifel Financial Corp boosted its stake in Royce Otc Micro by 10.3% during the fourth quarter. Stifel Financial Corp now owns 60,831 shares of the financial services provider's stock worth $593,000 after buying an additional 5,681 shares during the period. Bank of America Corp DE boosted its stake in Royce Otc Micro by 4.9% during the fourth quarter. Bank of America Corp DE now owns 504,401 shares of the financial services provider's stock worth $4,918,000 after buying an additional 23,550 shares during the period. Logan Stone Capital LLC boosted its stake in Royce Otc Micro by 181.7% during the fourth quarter. Logan Stone Capital LLC now owns 91,912 shares of the financial services provider's stock worth $896,000 after buying an additional 59,288 shares during the period. Finally, Quantedge Capital Pte Ltd boosted its stake in Royce Otc Micro by 27.8% during the fourth quarter. Quantedge Capital Pte Ltd now owns 56,497 shares of the financial services provider's stock worth $551,000 after buying an additional 12,300 shares during the period. Hedge funds and other institutional investors own 34.98% of the company's stock.

Royce Otc Micro Company Profile

Royce Micro-Cap Trust, Inc is a closed-ended equity mutual fund launched and managed Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies with market capitalization of less than $500 million.