SuRo Capital Corp. (NASDAQ:SSSS) Short Interest Down 45.6% in April

SuRo Capital Corp. (NASDAQ:SSSS) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 26,800 shares, a drop of 45.6% from the March 31st total of 49,300 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 95,700 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. JMP Securities raised their price target on shares of SuRo Capital from $5.50 to $6.00 and gave the stock a “market outperform” rating in a research note on Tuesday, March 26th. Barrington Research reaffirmed an “outperform” rating and set a $6.00 price objective on shares of SuRo Capital in a research report on Thursday, April 18th.

SuRo Capital Stock Down 0.5 %

Shares of SSSS traded down $0.02 during midday trading on Friday, hitting $3.82. 24,631 shares of the company’s stock traded hands, compared to its average volume of 92,652. The company has a current ratio of 58.92, a quick ratio of 58.92 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $89.20 million, a price-to-earnings ratio of 18.19 and a beta of 1.56. SuRo Capital has a 1 year low of $3.10 and a 1 year high of $4.72. The firm’s fifty day moving average is $4.24 and its 200-day moving average is $4.06.

SuRo Capital (NASDAQ:SSSS) last announced its earnings results on Wednesday, March 13th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $2.46 million for the quarter. SuRo Capital had a net margin of 76.81% and a negative return on equity of 6.58%.

Hedge Funds Weigh In On SuRo Capital

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Belvedere Trading LLC acquired a new position in SuRo Capital during the 3rd quarter valued at approximately $41,000. Byrne Asset Management LLC purchased a new stake in shares of SuRo Capital during the fourth quarter valued at $51,000. Calton & Associates Inc. acquired a new position in shares of SuRo Capital in the 4th quarter valued at $107,000. Janney Montgomery Scott LLC raised its stake in SuRo Capital by 111.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 30,339 shares of the company’s stock worth $110,000 after acquiring an additional 15,974 shares during the last quarter. Finally, EJF Capital LLC lifted its position in SuRo Capital by 18.7% during the 3rd quarter. EJF Capital LLC now owns 35,602 shares of the company’s stock worth $129,000 after acquiring an additional 5,602 shares during the period. 12.95% of the stock is owned by hedge funds and other institutional investors.

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.