SuRo Capital Corp. (NASDAQ:SSSS) Short Interest Down 33.3% in January

SuRo Capital Corp. (NASDAQ:SSSS - Get Free Report) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 70,100 shares, a decline of 33.3% from the December 31st total of 105,100 shares. Based on an average daily trading volume, of 206,500 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company's stock are sold short.

SuRo Capital Price Performance

Shares of NASDAQ:SSSS traded up $0.17 on Tuesday, reaching $5.40. 70,619 shares of the company traded hands, compared to its average volume of 222,376. SuRo Capital has a fifty-two week low of $3.32 and a fifty-two week high of $6.74. The company's 50 day moving average is $5.85 and its 200-day moving average is $4.81. The stock has a market capitalization of $127.44 million, a PE ratio of -2.86 and a beta of 1.59. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 11.32.

SuRo Capital (NASDAQ:SSSS - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) EPS for the quarter. SuRo Capital had a negative net margin of 801.00% and a negative return on equity of 7.28%. The company had revenue of $0.89 million for the quarter.

Analyst Ratings Changes

Separately, Barrington Research upped their target price on SuRo Capital from $6.00 to $8.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 21st.

Insider Activity at SuRo Capital

In related news, CEO Mark D. Klein bought 39,000 shares of the stock in a transaction dated Friday, November 29th. The stock was bought at an average cost of $5.20 per share, with a total value of $202,800.00. Following the completion of the acquisition, the chief executive officer now owns 1,169,923 shares of the company's stock, valued at $6,083,599.60. This trade represents a 3.45 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Allison Green bought 9,100 shares of the stock in a transaction dated Monday, December 2nd. The shares were bought at an average cost of $5.48 per share, with a total value of $49,868.00. Following the completion of the acquisition, the insider now directly owns 136,734 shares of the company's stock, valued at approximately $749,302.32. The trade was a 7.13 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 58,843 shares of company stock valued at $307,047 over the last three months. 5.97% of the stock is owned by insiders.

Institutional Trading of SuRo Capital

Large investors have recently added to or reduced their stakes in the company. HB Wealth Management LLC acquired a new stake in SuRo Capital during the 4th quarter valued at $65,000. Legato Capital Management LLC acquired a new stake in SuRo Capital during the 4th quarter valued at $82,000. Choreo LLC raised its stake in SuRo Capital by 16.6% during the 4th quarter. Choreo LLC now owns 19,380 shares of the company's stock valued at $117,000 after purchasing an additional 2,764 shares during the period. Finally, Arete Wealth Advisors LLC acquired a new stake in SuRo Capital during the 3rd quarter valued at $84,000. 12.95% of the stock is owned by institutional investors and hedge funds.

SuRo Capital Company Profile

SuRo Capital Corp. is a business development company. The firm seeks to invest in growth capital, late stage and venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California with additional office in New York, New York.