Short Interest in SuRo Capital Corp. (NASDAQ:SSSS) Expands By 34.1%

SuRo Capital Corp. (NASDAQ:SSSS - Get Free Report) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 105,100 shares, an increase of 34.1% from the December 15th total of 78,400 shares. Approximately 0.5% of the company's shares are short sold. Based on an average daily trading volume, of 219,800 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, Barrington Research restated an "outperform" rating and issued a $6.00 target price on shares of SuRo Capital in a research note on Tuesday, November 12th.

Insider Transactions at SuRo Capital

In other SuRo Capital news, CEO Mark D. Klein bought 39,000 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The stock was acquired at an average price of $5.20 per share, with a total value of $202,800.00. Following the completion of the purchase, the chief executive officer now directly owns 1,169,923 shares of the company's stock, valued at approximately $6,083,599.60. This trade represents a 3.45 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Allison Green bought 9,100 shares of the stock in a transaction on Monday, December 2nd. The stock was acquired at an average price of $5.48 per share, with a total value of $49,868.00. Following the completion of the acquisition, the insider now owns 136,734 shares of the company's stock, valued at $749,302.32. This represents 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 worth $307,047 over the last three months. 5.97% of the stock is owned by company insiders.

Institutional Trading of SuRo Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Choreo LLC bought a new stake in SuRo Capital during the second quarter worth $62,000. HB Wealth Management LLC bought a new stake in shares of SuRo Capital in the 4th quarter worth $65,000. Arete Wealth Advisors LLC purchased a new stake in shares of SuRo Capital in the third quarter valued at about $84,000. Acadian Asset Management LLC lifted its position in shares of SuRo Capital by 91.6% during the second quarter. Acadian Asset Management LLC now owns 131,636 shares of the company's stock valued at $527,000 after purchasing an additional 62,950 shares in the last quarter. Finally, Gabelli Funds LLC boosted its holdings in SuRo Capital by 139.3% during the second quarter. Gabelli Funds LLC now owns 730,000 shares of the company's stock worth $2,927,000 after purchasing an additional 425,000 shares during the last quarter. 12.95% of the stock is owned by institutional investors.

SuRo Capital Stock Up 13.5 %

Shares of SuRo Capital stock traded up $0.79 during trading hours on Thursday, reaching $6.66. The company's stock had a trading volume of 846,981 shares, compared to its average volume of 185,063. The company has a market capitalization of $155.71 million, a P/E ratio of -3.52 and a beta of 1.61. The stock's fifty day simple moving average is $5.61 and its two-hundred day simple moving average is $4.62. SuRo Capital has a one year low of $3.32 and a one year high of $6.74. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.32 and a current ratio of 11.32.

About SuRo Capital

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.

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