SuRo Capital Corp. (NASDAQ:SSSS) Short Interest Up 27.4% in March

SuRo Capital Corp. (NASDAQ:SSSS - Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 138,400 shares, a growth of 27.4% from the March 15th total of 108,600 shares. Based on an average daily volume of 270,500 shares, the short-interest ratio is presently 0.5 days. Approximately 0.6% of the company's stock are short sold.

Hedge Funds Weigh In On SuRo Capital

A number of large investors have recently bought and sold shares of SSSS. HB Wealth Management LLC acquired a new stake in shares of SuRo Capital during the 4th quarter worth approximately $65,000. Millennium Management LLC acquired a new stake in SuRo Capital in the fourth quarter worth $65,000. Jane Street Group LLC acquired a new stake in SuRo Capital in the fourth quarter worth $67,000. JPMorgan Chase & Co. lifted its stake in SuRo Capital by 8,025.0% in the fourth quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company's stock valued at $76,000 after buying an additional 12,840 shares during the last quarter. Finally, Legato Capital Management LLC acquired a new position in shares of SuRo Capital during the fourth quarter valued at $82,000. Institutional investors own 12.95% of the company's stock.

SuRo Capital Stock Performance

Shares of SuRo Capital stock traded up $0.01 during trading hours on Thursday, reaching $4.61. The company's stock had a trading volume of 52,474 shares, compared to its average volume of 147,780. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.32 and a current ratio of 11.32. SuRo Capital has a one year low of $3.52 and a one year high of $6.83. The company's 50 day simple moving average is $5.35 and its 200 day simple moving average is $5.40. The stock has a market cap of $108.57 million, a P/E ratio of -2.44 and a beta of 1.61.

Analysts Set New Price Targets

Several analysts have issued reports on SSSS shares. Barrington Research restated an "outperform" rating and set a $8.00 price objective on shares of SuRo Capital in a research note on Tuesday, April 8th. Citigroup reissued an "outperform" rating 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.