Short Interest in SuRo Capital Corp. (NASDAQ:SSSS) Expands By 22.7%

SuRo Capital Corp. (NASDAQ:SSSS) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 108,600 shares, an increase of 22.7% from the February 28th total of 88,500 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 266,900 shares, the days-to-cover ratio is currently 0.4 days.

SuRo Capital Trading Up 7.6 %

NASDAQ SSSS opened at $5.38 on Thursday. SuRo Capital has a 12-month low of $3.52 and a 12-month high of $6.83. The company has a fifty day simple moving average of $5.75 and a two-hundred day simple moving average of $5.35. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47. The stock has a market cap of $126.71 million, a P/E ratio of -2.85 and a beta of 1.53.

Wall Street Analysts Forecast Growth

SSSS has been the subject of a number of research analyst reports. Barrington Research reiterated an “outperform” rating and issued a $8.00 price target on shares of SuRo Capital in a research note on Wednesday, March 12th. Citigroup restated an “outperform” rating on shares of SuRo Capital in a report on Wednesday, March 12th.

Hedge Funds Weigh In On SuRo Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Choreo LLC increased its holdings in shares of SuRo Capital by 16.6% in the fourth quarter. Choreo LLC now owns 19,380 shares of the company’s stock valued at $117,000 after purchasing an additional 2,764 shares during the period. Bank of America Corp DE boosted its position in SuRo Capital by 11.2% in the fourth quarter. Bank of America Corp DE now owns 30,626 shares of the company’s stock valued at $180,000 after buying an additional 3,092 shares during the last quarter. HB Wealth Management LLC purchased a new stake in SuRo Capital in the fourth quarter valued at approximately $65,000. Millennium Management LLC acquired a new position in SuRo Capital in the 4th quarter worth approximately $65,000. Finally, Jane Street Group LLC purchased a new position in SuRo Capital during the 4th quarter worth approximately $67,000. Hedge funds and other institutional investors own 12.95% of the company’s stock.

About SuRo Capital

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.