Rand Capital Corporation (NASDAQ:RAND) Short Interest Up 180.0% in October

Rand Capital Corporation (NASDAQ:RAND) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 1,400 shares, an increase of 180.0% from the September 30th total of 500 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Rand Capital in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Rand Capital Price Performance

NASDAQ RAND opened at $13.79 on Friday. Rand Capital has a 12 month low of $13.50 and a 12 month high of $31.89. The company has a market capitalization of $40.94 million, a price-to-earnings ratio of -5.67 and a beta of 0.21. The company’s fifty day moving average price is $14.65 and its two-hundred day moving average price is $16.26.

Rand Capital (NASDAQ:RAND) last announced its quarterly earnings data on Monday, August 4th. The asset manager reported $0.33 earnings per share for the quarter. The firm had revenue of $1.60 million during the quarter. Rand Capital had a positive return on equity of 6.97% and a negative net margin of 90.42%.

Rand Capital Company Profile

Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses.