Rand Capital Co. (NASDAQ:RAND) Sees Large Decline in Short Interest

Rand Capital Co. (NASDAQ:RAND - Get Free Report) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 7,000 shares, a drop of 56.8% from the February 28th total of 16,200 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 16,800 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Rand Capital from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th.

Rand Capital Price Performance

Shares of RAND traded up $0.53 on Tuesday, hitting $19.30. The company's stock had a trading volume of 7,036 shares, compared to its average volume of 7,483. The company has a market capitalization of $57.31 million, a PE ratio of 3.87 and a beta of 0.44. Rand Capital has a fifty-two week low of $13.69 and a fifty-two week high of $31.89. The company has a 50 day moving average price of $22.82 and a 200 day moving average price of $19.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 15.99 and a quick ratio of 15.99.

Rand Capital (NASDAQ:RAND - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The asset manager reported $0.45 EPS for the quarter. Rand Capital had a return on equity of 6.60% and a net margin of 154.01%. The company had revenue of $2.14 million for the quarter.

Rand Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 6.01%. The ex-dividend date was Friday, March 14th. Rand Capital's payout ratio is presently 33.92%.

About Rand Capital

Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses.