Short Interest in SuRo Capital Corp. (NASDAQ:SSSS) Rises By 29.4%

SuRo Capital Corp. (NASDAQ:SSSS - Get Free Report) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 88,500 shares, an increase of 29.4% from the February 13th total of 68,400 shares. Currently, 0.4% of the company's shares are sold short. Based on an average daily trading volume, of 282,300 shares, the short-interest ratio is presently 0.3 days.

SuRo Capital Trading Down 1.0 %

Shares of NASDAQ:SSSS traded down $0.06 during mid-day trading on Friday, reaching $5.82. The stock had a trading volume of 60,980 shares, compared to its average volume of 141,040. The firm has a market cap of $137.07 million, a PE ratio of -3.08 and a beta of 1.53. The firm has a 50 day simple moving average of $5.88 and a two-hundred day simple moving average of $5.25. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47. SuRo Capital has a twelve month low of $3.52 and a twelve month high of $6.83.

Hedge Funds Weigh In On SuRo Capital

Institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Trading LLC bought a new position in SuRo Capital during the fourth quarter worth about $414,000. Wexford Capital LP acquired a new stake in shares of SuRo Capital during the fourth quarter worth about $176,000. Millennium Management LLC bought a new position in shares of SuRo Capital during the 4th quarter valued at about $65,000. J. Goldman & Co LP acquired a new position in shares of SuRo Capital in the 4th quarter valued at approximately $3,592,000. Finally, Cubist Systematic Strategies LLC bought a new stake in SuRo Capital during the 4th quarter worth approximately $177,000. Institutional investors and hedge funds own 12.95% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have issued reports on SSSS. Citigroup reaffirmed an "outperform" rating on shares of SuRo Capital in a research note on Wednesday, March 12th. Barrington Research restated an "outperform" rating and issued a $8.00 price target on shares of SuRo Capital in a research report on Wednesday, March 12th.

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.