Short Interest in SURO Capital Corp. (NASDAQ:SSSS) Increases By 21.3%

SURO Capital Corp. (NASDAQ:SSSS) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 130,765 shares, a growth of 21.3% from the January 15th total of 107,768 shares. Based on an average trading volume of 193,852 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the shares of the stock are short sold. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 193,852 shares, the short-interest ratio is presently 0.7 days.

SURO Capital Trading Up 0.9%

Shares of NASDAQ SSSS opened at $9.42 on Thursday. The company’s 50 day simple moving average is $9.43 and its 200 day simple moving average is $9.24. The company has a debt-to-equity ratio of 0.32, a current ratio of 18.48 and a quick ratio of 18.48. SURO Capital has a fifty-two week low of $4.21 and a fifty-two week high of $10.34. The firm has a market capitalization of $236.63 million, a P/E ratio of -22.43 and a beta of 1.42.

Institutional Investors Weigh In On SURO Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gabelli Funds LLC boosted its holdings in SURO Capital by 1.6% during the third quarter. Gabelli Funds LLC now owns 1,474,344 shares of the company’s stock worth $13,269,000 after buying an additional 23,510 shares during the last quarter. GatePass Capital LLC raised its position in shares of SURO Capital by 2.5% in the 4th quarter. GatePass Capital LLC now owns 508,400 shares of the company’s stock valued at $4,799,000 after acquiring an additional 12,300 shares during the period. Gamco Investors INC. ET AL boosted its stake in SURO Capital by 26.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 285,000 shares of the company’s stock worth $2,340,000 after acquiring an additional 59,250 shares during the last quarter. Jane Street Group LLC grew its holdings in SURO Capital by 102.1% during the fourth quarter. Jane Street Group LLC now owns 251,035 shares of the company’s stock valued at $2,370,000 after purchasing an additional 126,796 shares during the period. Finally, Franklin Resources Inc. increased its stake in SURO Capital by 8.7% in the second quarter. Franklin Resources Inc. now owns 240,545 shares of the company’s stock valued at $1,975,000 after purchasing an additional 19,350 shares in the last quarter. Institutional investors own 12.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SSSS. Lucid Cap Mkts raised SURO Capital to a “strong-buy” rating in a report on Monday, January 5th. BTIG Research increased their price objective on shares of SURO Capital from $10.00 to $10.50 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Capital One Financial set a $12.00 price objective on shares of SURO Capital in a research report on Monday, January 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of SURO Capital in a research report on Monday, December 29th. Finally, Wall Street Zen lowered shares of SURO Capital from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, SURO Capital presently has a consensus rating of “Buy” and a consensus target price 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.