ROYCE OTC MICRO (NYSE:RMT) Sees Significant Growth in Short Interest

Key Points

• ROYCE OTC MICRO's short interest surged by 103.2% in July, with total short interest at 94,100 shares as of July 31.
• In a recent trading session, RMT shares fell 1.0% to $9.72, against a backdrop of a 12-month trading range of $7.25 to $10.43.
• The company cut its dividend to $0.18 per share, resulting in a 7.4% yield on an annualized basis.

ROYCE OTC MICRO (NYSE:RMT - Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 94,100 shares, agrowthof103.2% from the July 15th total of 46,300 shares. Based on an average daily trading volume, of 130,400 shares, the short-interest ratio is presently 0.7 days. Approximately0.2% of the company's stock are sold short. Approximately0.2% of the company's stock are sold short. Based on an average daily trading volume, of 130,400 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Elequin Capital LP acquired a new position in shares of ROYCE OTC MICRO during the 1st quarter worth about $51,000. Eisler Capital Management Ltd. acquired a new position in shares of ROYCE OTC MICRO during the 1st quarter worth about $84,000. Verus Capital Partners LLC acquired a new position in shares of ROYCE OTC MICRO during the 2nd quarter worth about $107,000. JFS Wealth Advisors LLC acquired a new position in shares of ROYCE OTC MICRO during the 2nd quarter worth about $129,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of ROYCE OTC MICRO during the 1st quarter worth about $124,000. 34.98% of the stock is currently owned by institutional investors and hedge funds.

ROYCE OTC MICRO Stock Up 4.1%

RMT stock traded up $0.3950 during midday trading on Friday, hitting $10.0950. The company's stock had a trading volume of 163,184 shares, compared to its average volume of 112,833. The company's fifty day moving average price is $9.45 and its 200 day moving average price is $8.96. ROYCE OTC MICRO has a twelve month low of $7.25 and a twelve month high of $10.43.

ROYCE OTC MICRO Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 12th were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, June 12th. This represents a $0.72 annualized dividend and a dividend yield of 7.1%.

About ROYCE OTC MICRO

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.