Rand Capital Co. (NASDAQ:RAND) Short Interest Up 43.3% in February

Rand Capital Co. (NASDAQ:RAND) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 9,600 shares, an increase of 43.3% from the January 31st total of 6,700 shares. Based on an average daily trading volume, of 14,400 shares, the short-interest ratio is presently 0.7 days. Currently, 1.6% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Rand Capital from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

Rand Capital Price Performance

Rand Capital stock traded down $1.24 during trading hours on Tuesday, reaching $22.80. 27,604 shares of the stock were exchanged, compared to its average volume of 18,207. The stock has a 50 day moving average of $22.43 and a two-hundred day moving average of $19.12. The company has a market cap of $58.85 million, a P/E ratio of 4.58 and a beta of 0.44. Rand Capital has a twelve month low of $13.69 and a twelve month high of $31.89. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.06.

Rand Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 5.09%. Rand Capital’s dividend payout ratio (DPR) is presently 337.35%.

About Rand Capital

Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses.