SuRo Capital Corp. (NASDAQ:SSSS) Short Interest Update

SuRo Capital Corp. (NASDAQ:SSSS - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 108,600 shares, an increase of 22.7% from the February 28th total of 88,500 shares. Based on an average trading volume of 266,900 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. HB Wealth Management LLC purchased a new stake in shares of SuRo Capital in the 4th quarter valued at approximately $65,000. Millennium Management LLC acquired a new stake in SuRo Capital during the 4th quarter valued at $65,000. Jane Street Group LLC purchased a new stake in shares of SuRo Capital in the fourth quarter valued at $67,000. JPMorgan Chase & Co. boosted its position in shares of SuRo Capital by 8,025.0% in the fourth quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company's stock worth $76,000 after buying an additional 12,840 shares during the period. Finally, Legato Capital Management LLC purchased a new position in shares of SuRo Capital during the fourth quarter valued at $82,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SSSS shares. Citigroup restated an "outperform" rating on shares of SuRo Capital in a research report on Wednesday, March 12th. Barrington Research reaffirmed an "outperform" rating and issued a $8.00 price target on shares of SuRo Capital in a report on Wednesday, March 12th.

SuRo Capital Trading Down 6.3 %

Shares of NASDAQ SSSS traded down $0.31 during mid-day trading on Friday, hitting $4.59. 352,831 shares of the company traded hands, compared to its average volume of 146,379. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47. SuRo Capital has a 1 year low of $3.52 and a 1 year high of $6.83. The stock has a market capitalization of $108.10 million, a price-to-earnings ratio of -2.43 and a beta of 1.61. The business has a 50 day moving average of $5.69 and a two-hundred day moving average of $5.35.

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.