Rand Capital Co. (NASDAQ:RAND) Sees Large Drop in Short Interest

Rand Capital Co. (NASDAQ:RAND) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 6,700 shares, a drop of 47.7% from the January 15th total of 12,800 shares. Based on an average daily volume of 11,200 shares, the short-interest ratio is presently 0.6 days. Approximately 1.1% of the shares of the company are short sold.

Rand Capital Stock Performance

RAND traded up $2.26 during trading on Thursday, hitting $26.53. The stock had a trading volume of 23,565 shares, compared to its average volume of 15,197. The firm has a market cap of $68.45 million, a PE ratio of 5.33 and a beta of 0.44. The company has a 50 day simple moving average of $20.66 and a 200-day simple moving average of $18.31. Rand Capital has a 12 month low of $13.11 and a 12 month high of $28.50. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.06.

Rand Capital Announces Dividend

The business also recently declared a dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, December 16th were given a $4.20 dividend. The ex-dividend date of this dividend was Monday, December 16th. Rand Capital’s dividend payout ratio is 337.35%.

About Rand Capital

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.