Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) Sees Large Drop in Short Interest

Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) was the recipient of a large drop in short interest in May. As of May 31st, there was short interest totalling 3,100 shares, a drop of 26.2% from the May 15th total of 4,200 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,700 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

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

Firsthand Technology Value Fund Trading Up 8.8%

Shares of SVVC opened at $0.06 on Thursday. The firm’s 50-day moving average price is $0.06 and its 200-day moving average price is $0.06. The firm has a market capitalization of $390,143.80, a price-to-earnings ratio of 0.47 and a beta of 1.54. Firsthand Technology Value Fund has a 1-year low of $0.04 and a 1-year high of $0.13.

Firsthand Technology Value Fund Company Profile

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.