Short Interest in Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) Declines By 44.4%

Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 1,000 shares, a decline of 44.4% from the August 15th total of 1,800 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 3,000 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 3,000 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Firsthand Technology Value Fund Stock Up 13.0%

NASDAQ SVVC traded up $0.01 during trading hours on Monday, reaching $0.07. 5,094 shares of the company were exchanged, compared to its average volume of 2,899. The stock has a market capitalization of $448,045.00, a P/E ratio of 0.54 and a beta of 1.50. Firsthand Technology Value Fund has a 1 year low of $0.04 and a 1 year high of $0.10. The business’s 50 day simple moving average is $0.06 and its 200-day simple moving average is $0.06.

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on Firsthand Technology Value Fund in a research report on Wednesday, May 21st. They set a “hold” rating on the stock.

About Firsthand Technology Value Fund

Firsthand Technology Value Fund, Inc is a business development company specializes in venture capital investments in start-up, early stage, middle stage, late stage, early development stage, and PIPEs. It seeks to invest in pre-IPO companies. The fund also seeks to make investments in companies with operating histories that are unprofitable or marginally profitable, that have negative net worth, or that are involved in bankruptcy or reorganization proceedings.