SuRo Capital Corp. (NASDAQ:SSSS) Short Interest Down 31.5% in June

SuRo Capital Corp. (NASDAQ:SSSSGet Free Report) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 22,000 shares, a drop of 31.5% from the May 31st total of 32,100 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 59,200 shares, the days-to-cover ratio is presently 0.4 days.

SuRo Capital Trading Up 1.5 %

NASDAQ SSSS opened at $4.01 on Monday. The company has a quick ratio of 39.54, a current ratio of 39.54 and a debt-to-equity ratio of 0.41. SuRo Capital has a twelve month low of $3.10 and a twelve month high of $4.72. The firm has a market capitalization of $93.63 million, a PE ratio of -4.89 and a beta of 1.64. The stock’s 50 day moving average is $4.00 and its 200 day moving average is $4.06.

SuRo Capital (NASDAQ:SSSSGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.13) earnings per share for the quarter. SuRo Capital had a negative net margin of 316.66% and a negative return on equity of 6.35%. The firm had revenue of $1.53 million for the quarter.

Analyst Upgrades and Downgrades

SSSS has been the topic of a number of recent analyst reports. Barrington Research reiterated an “outperform” rating and issued a $6.00 price objective on shares of SuRo Capital in a research report on Tuesday, May 28th. JMP Securities lifted their price objective on SuRo Capital from $5.50 to $6.00 and gave the stock a “market outperform” rating in a research report on Tuesday, March 26th.

View Our Latest Stock Analysis on SSSS

Institutional Investors Weigh In On SuRo Capital

Several hedge funds have recently made changes to their positions in SSSS. Gabelli Funds LLC boosted its holdings in SuRo Capital by 50.6% in the first quarter. Gabelli Funds LLC now owns 305,000 shares of the company’s stock worth $1,388,000 after acquiring an additional 102,500 shares in the last quarter. Deuterium Capital Management LLC boosted its holdings in SuRo Capital by 408.0% in the first quarter. Deuterium Capital Management LLC now owns 213,200 shares of the company’s stock worth $970,000 after acquiring an additional 171,235 shares in the last quarter. Bulldog Investors LLP boosted its holdings in SuRo Capital by 15.1% in the fourth quarter. Bulldog Investors LLP now owns 152,373 shares of the company’s stock worth $600,000 after acquiring an additional 20,011 shares in the last quarter. EJF Capital LLC boosted its holdings in SuRo Capital by 104.2% in the first quarter. EJF Capital LLC now owns 72,711 shares of the company’s stock worth $331,000 after acquiring an additional 37,109 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in SuRo Capital in the first quarter worth $311,000. 12.95% of the stock is currently owned by institutional investors.

About SuRo Capital

(Get Free Report)

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.

Further Reading

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