Short Interest in SuRo Capital Corp. (NASDAQ:SSSS) Declines By 45.6%

SuRo Capital Corp. (NASDAQ:SSSS) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 26,800 shares, a drop of 45.6% from the March 31st total of 49,300 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 95,700 shares, the short-interest ratio is presently 0.3 days.

SuRo Capital Trading Down 0.5 %

SSSS stock traded down $0.02 during mid-day trading on Friday, reaching $3.82. The company had a trading volume of 24,631 shares, compared to its average volume of 62,612. The company has a market capitalization of $89.20 million, a PE ratio of 18.19 and a beta of 1.56. The firm has a 50 day moving average of $4.24 and a 200 day moving average of $4.06. SuRo Capital has a 12 month low of $3.10 and a 12 month high of $4.72. The company has a debt-to-equity ratio of 0.36, a current ratio of 58.92 and a quick ratio of 58.92.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on SSSS. Barrington Research reissued an “outperform” rating and set a $6.00 price target on shares of SuRo Capital in a research note on Thursday, April 18th. JMP Securities lifted their target price 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.

Hedge Funds Weigh In On SuRo Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in SSSS. Deuterium Capital Management LLC raised its holdings in shares of SuRo Capital by 11.3% in the third quarter. Deuterium Capital Management LLC now owns 36,965 shares of the company’s stock valued at $134,000 after acquiring an additional 3,765 shares in the last quarter. EJF Capital LLC increased its position in SuRo Capital by 18.7% during the 3rd quarter. EJF Capital LLC now owns 35,602 shares of the company’s stock valued at $129,000 after purchasing an additional 5,602 shares during the period. Belvedere Trading LLC bought a new stake in shares of SuRo Capital in the 3rd quarter valued at about $41,000. Byrne Asset Management LLC purchased a new stake in shares of SuRo Capital in the 4th quarter worth approximately $51,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of SuRo Capital by 111.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 30,339 shares of the company’s stock worth $110,000 after purchasing an additional 15,974 shares during the period. Institutional investors own 12.95% of the company’s stock.

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.