SuRo Capital Corp. (NASDAQ:SSSS) Sees Significant Increase in Short Interest

SuRo Capital Corp. (NASDAQ:SSSS) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 49,300 shares, a growth of 31.8% from the March 15th total of 37,400 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 102,200 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

SSSS has been the subject of a number of recent research reports. JMP Securities boosted their target price on shares of SuRo Capital from $5.50 to $6.00 and gave the stock a “market outperform” rating in a report on Tuesday, March 26th. Barrington Research restated an “outperform” rating and set a $6.00 price target on shares of SuRo Capital in a research note on Thursday, March 14th.

Institutional Investors Weigh In On SuRo Capital

A number of large investors have recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new stake in SuRo Capital in the fourth quarter valued at approximately $184,000. Bulldog Investors LLP boosted its position in SuRo Capital by 15.1% in the fourth quarter. Bulldog Investors LLP now owns 152,373 shares of the company’s stock valued at $600,000 after buying an additional 20,011 shares during the last quarter. Royal Bank of Canada boosted its position in SuRo Capital by 928.6% in the fourth quarter. Royal Bank of Canada now owns 21,086 shares of the company’s stock valued at $83,000 after buying an additional 19,036 shares during the last quarter. Northern Trust Corp acquired a new position in SuRo Capital in the fourth quarter valued at approximately $114,000. Finally, Gabelli Funds LLC lifted its holdings in SuRo Capital by 125.0% in the fourth quarter. Gabelli Funds LLC now owns 202,500 shares of the company’s stock valued at $798,000 after acquiring an additional 112,500 shares during the period. Hedge funds and other institutional investors own 12.95% of the company’s stock.

SuRo Capital Price Performance

Shares of SSSS stock opened at $3.98 on Monday. SuRo Capital has a fifty-two week low of $3.10 and a fifty-two week high of $4.72. The firm has a market capitalization of $100.89 million, a price-to-earnings ratio of 18.95 and a beta of 1.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 58.92 and a current ratio of 58.92. The stock’s 50-day simple moving average is $4.20 and its 200-day simple moving average is $4.04.

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

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.