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

SuRo Capital Corp. (NASDAQ:SSSS) saw a large 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 shares of the company are short sold. Based on an average daily trading volume, of 282,300 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On SuRo Capital

Hedge funds have recently made changes to their positions in the business. Choreo LLC grew its stake in shares of SuRo Capital by 16.6% during the 4th quarter. Choreo LLC now owns 19,380 shares of the company’s stock valued at $117,000 after buying an additional 2,764 shares during the period. Bank of America Corp DE raised its holdings in shares of SuRo Capital by 11.2% in the 4th quarter. Bank of America Corp DE now owns 30,626 shares of the company’s stock worth $180,000 after purchasing an additional 3,092 shares during the period. HB Wealth Management LLC acquired a new position in shares of SuRo Capital in the 4th quarter valued at about $65,000. Millennium Management LLC acquired a new stake in SuRo Capital during the 4th quarter worth approximately $65,000. Finally, Jane Street Group LLC purchased a new position in SuRo Capital in the fourth quarter valued at approximately $67,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

SuRo Capital Trading Up 1.2 %

Shares of NASDAQ:SSSS traded up $0.07 during trading on Monday, reaching $6.00. The stock had a trading volume of 5,029 shares, compared to its average volume of 292,909. The stock has a market cap of $141.61 million, a P/E ratio of -3.17 and a beta of 1.53. 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 fifty-two week low of $3.52 and a fifty-two week high of $6.83. The business has a fifty day moving average price of $5.87 and a 200-day moving average price of $5.21.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citigroup reiterated an “outperform” rating on shares of SuRo Capital in a research report on Wednesday. Barrington Research reaffirmed an “outperform” rating and set a $8.00 price target on shares of SuRo Capital in a research note on Wednesday, March 12th.

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.