SURO Capital Corp. (NASDAQ:SSSS) Sees Significant Growth in Short Interest

SURO Capital Corp. (NASDAQ:SSSS) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 186,341 shares, an increase of 42.5% from the January 29th total of 130,765 shares. Based on an average daily volume of 216,361 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.8% of the company’s stock are short sold. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 216,361 shares, the days-to-cover ratio is presently 0.9 days.

SURO Capital Stock Performance

Shares of SSSS stock traded down $0.30 during midday trading on Friday, hitting $9.38. 263,648 shares of the company were exchanged, compared to its average volume of 169,712. SURO Capital has a 52 week low of $4.21 and a 52 week high of $10.34. The firm’s 50 day moving average price is $9.44 and its two-hundred day moving average price is $9.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 18.48 and a current ratio of 18.48. The firm has a market capitalization of $235.63 million, a P/E ratio of -22.33 and a beta of 1.42.

Institutional Investors Weigh In On SURO Capital

Several institutional investors have recently made changes to their positions in the stock. Tactive Advisors LLC grew its stake in SURO Capital by 7.0% during the third quarter. Tactive Advisors LLC now owns 20,037 shares of the company’s stock worth $180,000 after buying an additional 1,317 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of SURO Capital by 9.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 20,132 shares of the company’s stock valued at $181,000 after purchasing an additional 1,735 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in SURO Capital by 5.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 37,400 shares of the company’s stock worth $353,000 after purchasing an additional 2,000 shares in the last quarter. Bank of America Corp DE lifted its stake in SURO Capital by 222.2% in the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock valued at $27,000 after purchasing an additional 2,253 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its stake in shares of SURO Capital by 2,587.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,655 shares of the company’s stock valued at $33,000 after acquiring an additional 3,519 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SSSS. Wall Street Zen cut shares of SURO Capital from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. BTIG Research boosted their price objective on shares of SURO Capital from $10.00 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SURO Capital in a research report on Monday, December 29th. Barrington Research boosted their price objective on shares of SURO Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Finally, Lucid Cap Mkts raised shares of SURO Capital to a “strong-buy” rating in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat.com, SURO Capital currently has a consensus rating of “Buy” and an average price target of $11.13.

About SURO Capital

SURO Capital Corp (NASDAQ: SSSS) is a closed-end management investment company that operates as a business development company (BDC). Founded in 2013 and headquartered in Lewisville, Texas, SURO Capital provides capital solutions to lower middle-market companies across a range of industries. As a BDC, the company is governed by the Investment Company Act of 1940 and focuses on offering debt and equity financing to privately held businesses that may have limited access to traditional bank lending.

The firm’s primary business activities include originating and managing a diversified portfolio of senior secured floating rate loans, unsecured loans, unitranche debt, and equity co-investments.