Short Interest in SuRo Capital Corp. (NASDAQ:SSSS) Expands By 34.1%

SuRo Capital Corp. (NASDAQ:SSSS) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 105,100 shares, an increase of 34.1% from the December 15th total of 78,400 shares. Based on an average daily volume of 219,800 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.5% of the shares of the company are sold short.

SuRo Capital Price Performance

SSSS stock traded down $0.32 during midday trading on Friday, reaching $6.34. The stock had a trading volume of 332,163 shares, compared to its average volume of 143,447. SuRo Capital has a 52-week low of $3.32 and a 52-week high of $6.74. The company has a market cap of $148.23 million, a price-to-earnings ratio of -3.35 and a beta of 1.61. The company’s fifty day simple moving average is $5.66 and its 200 day simple moving average is $4.65. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47.

Insider Buying and Selling at SuRo Capital

In related news, CEO Mark D. Klein purchased 39,000 shares of the business’s stock in a transaction on Friday, November 29th. The shares were bought at an average cost of $5.20 per share, with a total value of $202,800.00. Following the transaction, the chief executive officer now owns 1,169,923 shares of the company’s stock, valued at approximately $6,083,599.60. This trade represents a 3.45 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Allison Green acquired 9,100 shares of SuRo Capital stock in a transaction on Monday, December 2nd. The shares were bought at an average price of $5.48 per share, with a total value of $49,868.00. Following the purchase, the insider now directly owns 136,734 shares in the company, valued at approximately $749,302.32. The trade was a 7.13 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 58,843 shares of company stock worth $307,047. 5.97% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SuRo Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Choreo LLC acquired a new stake in SuRo Capital in the 2nd quarter valued at about $62,000. HB Wealth Management LLC acquired a new position in shares of SuRo Capital in the 4th quarter valued at $65,000. Arete Wealth Advisors LLC acquired a new stake in shares of SuRo Capital during the 3rd quarter worth about $84,000. Acadian Asset Management LLC raised its holdings in SuRo Capital by 91.6% in the 2nd quarter. Acadian Asset Management LLC now owns 131,636 shares of the company’s stock valued at $527,000 after buying an additional 62,950 shares during the period. Finally, Gabelli Funds LLC raised its holdings in SuRo Capital by 139.3% in the 2nd quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock valued at $2,927,000 after buying an additional 425,000 shares during the period. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an “outperform” rating and set a $6.00 target price on shares of SuRo Capital in a report on Tuesday, November 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.