Logan Ridge Finance Co. (NASDAQ:LRFC) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 18,700 shares, a decrease of 45.6% from the August 15th total of 34,400 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average trading volume of 14,100 shares, the short-interest ratio is currently 1.3 days.
Several analysts have commented on LRFC shares. Zacks Investment Research raised shares of Logan Ridge Finance from a “sell” rating to a “hold” rating in a research report on Wednesday, August 18th. LADENBURG THALM/SH SH upgraded shares of Logan Ridge Finance from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, August 17th.
Shares of NASDAQ LRFC traded up $0.20 during trading on Friday, hitting $26.05. 11,628 shares of the company were exchanged, compared to its average volume of 21,068. Logan Ridge Finance has a 12-month low of $8.40 and a 12-month high of $28.90. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.39 and a quick ratio of 1.39. The company’s fifty day moving average is $26.77. The stock has a market cap of $70.62 million, a price-to-earnings ratio of 9.61 and a beta of 1.90.
Logan Ridge Finance Company Profile
Logan Ridge Finance Corp. is a business development company. It provides capital to lower and traditional middle market businesses. The company was founded on May 24, 2013 and is headquartered in New York, NY.
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