SuRo Capital Corp. (NASDAQ:SSSS) Short Interest Update

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

SuRo Capital Trading Down 0.5 %

Shares of NASDAQ:SSSS traded down $0.02 during midday trading on Friday, hitting $3.82. 24,631 shares of the stock traded hands, compared to its average volume of 62,612. The company has a quick ratio of 58.92, a current ratio of 58.92 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $89.20 million, a PE ratio of 18.19 and a beta of 1.56. SuRo Capital has a one year low of $3.10 and a one year high of $4.72. The business’s 50 day moving average is $4.24 and its two-hundred day moving average is $4.06.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SSSS. Belvedere Trading LLC bought a new stake in shares of SuRo Capital during the 3rd quarter valued at about $41,000. Byrne Asset Management LLC bought a new stake in SuRo Capital during the 4th quarter valued at approximately $51,000. Calton & Associates Inc. purchased a new position in shares of SuRo Capital during the 4th quarter worth approximately $107,000. Janney Montgomery Scott LLC raised its position in shares of 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 in the last quarter. Finally, EJF Capital LLC lifted its stake in shares of SuRo Capital by 18.7% in the 3rd quarter. EJF Capital LLC now owns 35,602 shares of the company’s stock valued at $129,000 after purchasing 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.