SuRo Capital Corp. (NASDAQ:SSSS) Short Interest Up 19.8% in February

SuRo Capital Corp. (NASDAQ:SSSS) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 68,400 shares, an increase of 19.8% from the January 31st total of 57,100 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 247,700 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Barrington Research raised their price objective on SuRo Capital from $6.00 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st.

SuRo Capital Trading Down 1.2 %

SSSS opened at $5.88 on Thursday. SuRo Capital has a fifty-two week low of $3.52 and a fifty-two week high of $6.83. The firm has a market capitalization of $138.78 million, a PE ratio of -3.11 and a beta of 1.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 11.32. The company’s 50-day moving average is $5.93 and its 200 day moving average is $5.12.

Institutional Trading of SuRo Capital

Institutional investors and hedge funds have recently modified their holdings of the stock. HB Wealth Management LLC purchased a new stake in SuRo Capital in the 4th quarter valued at $65,000. Millennium Management LLC purchased a new stake in shares of SuRo Capital in the fourth quarter valued at about $65,000. Jane Street Group LLC bought a new position in shares of SuRo Capital during the fourth quarter valued at about $67,000. JPMorgan Chase & Co. grew its position in SuRo Capital by 8,025.0% in the 4th quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company’s stock worth $76,000 after purchasing an additional 12,840 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new stake in SuRo Capital in the 4th quarter valued at about $82,000. 12.95% of the stock is owned by hedge funds and other institutional investors.

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.