Short Interest in SuRo Capital Corp. (NASDAQ:SSSS) Decreases By 45.6%

SuRo Capital Corp. (NASDAQ:SSSS) was the recipient of a large decline in short interest in the month of 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. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 95,700 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On SuRo Capital

Institutional investors have recently added to or reduced their stakes in the business. Belvedere Trading LLC bought a new stake in shares of SuRo Capital in the 3rd quarter valued at $41,000. Deuterium Capital Management LLC raised its holdings in shares of SuRo Capital by 11.3% during the third quarter. Deuterium Capital Management LLC now owns 36,965 shares of the company’s stock valued at $134,000 after purchasing an additional 3,765 shares during the period. MGO One Seven LLC boosted its position in shares of SuRo Capital by 20.1% during the 3rd quarter. MGO One Seven LLC now owns 307,982 shares of the company’s stock worth $1,115,000 after purchasing an additional 51,476 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of SuRo Capital by 111.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 30,339 shares of the company’s stock worth $110,000 after purchasing an additional 15,974 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of SuRo Capital by 433.8% in the 3rd quarter. Acadian Asset Management LLC now owns 39,648 shares of the company’s stock valued at $142,000 after buying an additional 32,221 shares during the period. 12.95% of the stock is owned by institutional investors and hedge funds.

SuRo Capital Trading Down 0.5 %

SSSS stock traded down $0.02 during midday trading on Friday, hitting $3.82. The stock had a trading volume of 24,631 shares, 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 firm has a market cap of $89.20 million, a P/E ratio of 18.19 and a beta of 1.56. The business has a fifty day moving average price of $4.24 and a two-hundred day moving average price of $4.06. SuRo Capital has a 1-year low of $3.10 and a 1-year high of $4.72.

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

About SuRo Capital

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.