SuRo Capital Corp. (NASDAQ:SSSS) Short Interest Up 29.4% in February

SuRo Capital Corp. (NASDAQ:SSSS) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 88,500 shares, an increase of 29.4% from the February 13th total of 68,400 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 282,300 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. HB Wealth Management LLC acquired a new position in shares of SuRo Capital during the fourth quarter worth approximately $65,000. Millennium Management LLC acquired a new position in shares of SuRo Capital during the fourth quarter worth approximately $65,000. Jane Street Group LLC acquired a new position in shares of SuRo Capital during the fourth quarter worth approximately $67,000. JPMorgan Chase & Co. lifted its holdings in shares of SuRo Capital by 8,025.0% during the fourth quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company’s stock worth $76,000 after buying an additional 12,840 shares during the last quarter. Finally, Legato Capital Management LLC acquired a new position in shares of SuRo Capital during the fourth quarter worth approximately $82,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.

SuRo Capital Stock Down 2.2 %

SSSS opened at $5.90 on Wednesday. SuRo Capital has a twelve month low of $3.52 and a twelve month high of $6.83. The firm has a market cap of $139.25 million, a P/E ratio of -3.12 and a beta of 1.53. The business has a 50 day moving average price of $5.88 and a 200 day moving average price of $5.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.32 and a current ratio of 11.32.

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.