ROYCE OTC MICRO (NYSE:RMT) Short Interest Up 103.2% in July

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 - ) saw a significant growth in short interest in 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 volume of 130,400 shares, the days-to-cover ratio is currently 0.7 days. Approximately0.2% of the company's stock are short sold. Approximately0.2% of the company's stock are short sold. Based on an average daily volume of 130,400 shares, the days-to-cover ratio is currently 0.7 days.

ROYCE OTC MICRO Stock Down 1.0%

Shares of RMT stock traded down $0.10 during trading hours on Friday, reaching $9.72. The company had a trading volume of 100,452 shares, compared to its average volume of 109,833. ROYCE OTC MICRO has a 12 month low of $7.25 and a 12 month high of $10.43. The business has a fifty day simple moving average of $9.37 and a 200-day simple moving average of $8.96.

ROYCE OTC MICRO Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 12th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend was Thursday, June 12th.

Institutional Trading of ROYCE OTC MICRO

A number of institutional investors and hedge funds have recently modified their holdings of the business. Captrust Financial Advisors increased its position in shares of ROYCE OTC MICRO by 3.9% during the second quarter. Captrust Financial Advisors now owns 105,315 shares of the financial services provider's stock valued at $974,000 after acquiring an additional 3,914 shares during the last quarter. Modern Wealth Management LLC increased its position in shares of 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. Bank of America Corp DE increased its position in shares of ROYCE OTC MICRO by 0.5% during the second quarter. Bank of America Corp DE now owns 533,966 shares of the financial services provider's stock valued at $4,939,000 after acquiring an additional 2,860 shares during the last quarter. Quantedge Capital Pte Ltd increased its position in shares of ROYCE OTC MICRO by 79.9% during the second quarter. Quantedge Capital Pte Ltd now owns 88,697 shares of the financial services provider's stock valued at $820,000 after acquiring an additional 39,400 shares during the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of ROYCE OTC MICRO by 6.6% during the second quarter. Guggenheim Capital LLC now owns 82,969 shares of the financial services provider's stock valued at $767,000 after acquiring an additional 5,122 shares during the last quarter. 34.98% of the stock is owned by hedge funds and other institutional investors.

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.

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