SuRo Capital Corp. (NASDAQ:SSSS) Sees Significant Growth in Short Interest

SuRo Capital Corp. (NASDAQ:SSSS) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 25,900 shares, an increase of 20.5% from the June 30th total of 21,500 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 47,000 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On SuRo Capital

Institutional investors have recently bought and sold shares of the stock. Deuterium Capital Management LLC increased its holdings in shares of SuRo Capital by 408.0% during the 1st quarter. Deuterium Capital Management LLC now owns 213,200 shares of the company’s stock valued at $970,000 after acquiring an additional 171,235 shares during the last quarter. Gabelli Funds LLC raised its position in shares of SuRo Capital by 125.0% in the fourth quarter. Gabelli Funds LLC now owns 202,500 shares of the company’s stock valued at $798,000 after purchasing an additional 112,500 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of SuRo Capital in the first quarter worth $311,000. Quadrature Capital Ltd bought a new stake in shares of SuRo Capital during the 4th quarter worth $184,000. Finally, EJF Capital LLC boosted its holdings in shares of SuRo Capital by 104.2% during the 1st quarter. EJF Capital LLC now owns 72,711 shares of the company’s stock worth $331,000 after buying an additional 37,109 shares during the period. 12.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and set a $6.00 price objective on shares of SuRo Capital in a report on Friday, July 12th.

SuRo Capital Stock Down 0.2 %

NASDAQ:SSSS traded down $0.01 during mid-day trading on Monday, reaching $3.99. The stock had a trading volume of 54,463 shares, compared to its average volume of 73,025. The stock has a market cap of $93.18 million, a P/E ratio of -4.85 and a beta of 1.66. The business’s 50 day moving average is $4.03 and its 200 day moving average is $4.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 39.54 and a quick ratio of 39.54. SuRo Capital has a fifty-two week low of $3.32 and a fifty-two week high of $4.72.

SuRo Capital (NASDAQ:SSSS) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.13) EPS for the quarter. SuRo Capital had a negative return on equity of 6.35% and a negative net margin of 316.66%. The business had revenue of $1.53 million for the quarter.

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.