SuRo Capital Corp. (NASDAQ:SSSS) Sees Significant Increase in Short Interest

SuRo Capital Corp. (NASDAQ:SSSS - Get Free Report) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 68,400 shares, a growth of 19.8% from the January 31st total of 57,100 shares. Based on an average daily volume of 247,700 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an "outperform" rating and set a $8.00 price target on shares of SuRo Capital in a research note on Thursday.

Institutional Trading of SuRo Capital

Several hedge funds have recently modified their holdings of the stock. Wolverine Trading LLC acquired a new position in SuRo Capital in the fourth quarter valued at approximately $414,000. Wexford Capital LP acquired a new position in SuRo Capital in the fourth quarter valued at approximately $176,000. Millennium Management LLC acquired a new position in SuRo Capital in the fourth quarter valued at approximately $65,000. J. Goldman & Co LP acquired a new position in SuRo Capital in the fourth quarter valued at approximately $3,592,000. Finally, Cubist Systematic Strategies LLC acquired a new position in SuRo Capital in the fourth quarter valued at approximately $177,000. 12.95% of the stock is owned by institutional investors.

SuRo Capital Price Performance

Shares of SSSS traded up $0.14 during mid-day trading on Friday, hitting $5.45. 256,828 shares of the company traded hands, compared to its average volume of 295,996. SuRo Capital has a one year low of $3.52 and a one year high of $6.83. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average of $5.91 and a 200 day moving average of $5.14. The stock has a market capitalization of $128.63 million, a price-to-earnings ratio of -2.88 and a beta of 1.53.

Remove Ads

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.