Logan Ridge Finance Co. (NASDAQ:LRFC) Short Interest Update

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 (NASDAQ:LRFC) last posted its quarterly earnings results on Sunday, August 15th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.30). Logan Ridge Finance had a negative return on equity of 0.06% and a net margin of 38.91%. The company had revenue of $5.04 million for the quarter. On average, analysts anticipate that Logan Ridge Finance will post 0.47 EPS for the current year.

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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