Source Capital, Inc. (NYSE:SOR) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 3,800 shares, a decrease of 38.7% from the March 15th total of 6,200 shares. Based on an average daily volume of 13,000 shares, the short-interest ratio is presently 0.3 days.
SOR traded up $0.12 during midday trading on Friday, reaching $44.67. 6,441 shares of the company’s stock traded hands, compared to its average volume of 12,625. The firm has a fifty day moving average of $43.40 and a two-hundred day moving average of $40.49. Source Capital has a 52 week low of $30.47 and a 52 week high of $45.23.
The business also recently declared a monthly dividend, which will be paid on Friday, May 28th. Investors of record on Monday, May 17th will be paid a $0.1217 dividend. The ex-dividend date of this dividend is Friday, May 14th. This represents a $1.46 annualized dividend and a dividend yield of 3.27%.
Source Capital Company Profile
Source Capital, Inc is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of small to mid cap companies.
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