SuRo Capital Corp. (NASDAQ:SSSS) Short Interest Up 22.7% in March

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Trading LLC purchased a new stake in SuRo Capital in the fourth quarter worth $414,000. Wexford Capital LP purchased a new position in SuRo Capital during the 4th quarter valued at about $176,000. Millennium Management LLC purchased a new stake in SuRo Capital in the fourth quarter worth about $65,000. J. Goldman & Co LP bought a new position in SuRo Capital during the 4th quarter valued at approximately $3,592,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of SuRo Capital during the fourth quarter valued at $177,000. Hedge funds and other institutional investors own 12.95% of the company’s stock.

Analyst Upgrades and Downgrades

SSSS has been the topic of several recent research reports. Barrington Research reaffirmed an “outperform” rating and set a $8.00 target price on shares of SuRo Capital in a report on Wednesday, March 12th. Citigroup reissued an “outperform” rating on shares of SuRo Capital in a research report on Wednesday, March 12th.

SuRo Capital Trading Up 5.7 %

NASDAQ SSSS traded up $0.29 during trading on Wednesday, hitting $5.29. The company had a trading volume of 123,280 shares, compared to its average volume of 144,469. The company’s fifty day moving average is $5.77 and its 200-day moving average is $5.35. The company has a market cap of $124.47 million, a price-to-earnings ratio of -2.80 and a beta of 1.53. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47. SuRo Capital has a one year low of $3.52 and a one year high of $6.83.

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.