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

SuRo Capital Corp. (NASDAQ:SSSS) was the recipient of a large increase in short interest in 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. Based on an average daily volume of 282,300 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citigroup reaffirmed an “outperform” rating on shares of SuRo Capital in a research note on Wednesday. Barrington Research reaffirmed an “outperform” rating and set a $8.00 target price on shares of SuRo Capital in a research note on Wednesday, March 12th.

Institutional Trading of SuRo Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. J. Goldman & Co LP acquired a new stake in SuRo Capital in the 4th quarter valued at about $3,592,000. Thomas J. Herzfeld Advisors Inc. raised its holdings in SuRo Capital by 24.7% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,357,409 shares of the company’s stock valued at $7,982,000 after acquiring an additional 268,899 shares in the last quarter. Gabelli Funds LLC lifted its stake in SuRo Capital by 22.3% in the fourth quarter. Gabelli Funds LLC now owns 1,164,500 shares of the company’s stock worth $6,847,000 after acquiring an additional 212,000 shares during the last quarter. Marshall Wace LLP acquired a new position in SuRo Capital during the 4th quarter worth approximately $461,000. Finally, Wolverine Trading LLC purchased a new stake in shares of SuRo Capital in the 4th quarter valued at approximately $414,000. 12.95% of the stock is owned by institutional investors and hedge funds.

SuRo Capital Trading Up 1.2 %

SuRo Capital stock traded up $0.07 during mid-day trading on Monday, hitting $6.00. The company’s stock had a trading volume of 5,029 shares, compared to its average volume of 292,909. SuRo Capital has a 1 year low of $3.52 and a 1 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 firm has a market capitalization of $141.61 million, a PE ratio of -3.17 and a beta of 1.53. The stock’s fifty day moving average is $5.87 and its two-hundred day moving average is $5.21.

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.