Short Interest in Rand Capital Co. (NASDAQ:RAND) Increases By 43.3%

Rand Capital Co. (NASDAQ:RAND - Get Free Report) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 9,600 shares, an increase of 43.3% from the January 31st total of 6,700 shares. Currently, 1.6% of the company's shares are sold short. Based on an average daily volume of 14,400 shares, the days-to-cover ratio is presently 0.7 days.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Rand Capital from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.

Rand Capital Stock Performance

RAND remained flat at $22.01 during midday trading on Friday. The company's stock had a trading volume of 20,922 shares, compared to its average volume of 18,573. The firm has a market capitalization of $56.81 million, a price-to-earnings ratio of 4.42 and a beta of 0.44. Rand Capital has a 52 week low of $13.69 and a 52 week high of $31.89. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.06. The firm has a 50-day simple moving average of $22.68 and a 200-day simple moving average of $19.19.

Rand Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend is Friday, March 14th. Rand Capital's dividend payout ratio (DPR) is 337.35%.

Rand Capital Company Profile

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.