Short Interest in Rand Capital Co. (NASDAQ:RAND) Grows By 68.8%

Rand Capital Co. (NASDAQ:RAND) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 16,200 shares, an increase of 68.8% from the February 13th total of 9,600 shares. Based on an average daily volume of 17,700 shares, the days-to-cover ratio is currently 0.9 days. Currently, 2.6% of the shares of the stock are sold short.

Rand Capital Price Performance

Shares of NASDAQ RAND traded down $1.98 during mid-day trading on Friday, reaching $22.50. The company had a trading volume of 12,580 shares, compared to its average volume of 18,997. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.06. The stock has a market cap of $58.07 million, a PE ratio of 4.52 and a beta of 0.44. The company has a 50-day moving average price of $23.13 and a two-hundred day moving average price of $19.37. Rand Capital has a 1-year low of $13.69 and a 1-year high of $31.89.

Rand Capital (NASDAQ:RAND) last issued its earnings results on Monday, March 10th. The asset manager reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $2.14 million for the quarter. Rand Capital had a return on equity of 6.60% and a net margin of 154.01%.

Rand Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.29 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 5.16%. Rand Capital’s dividend payout ratio (DPR) is presently 33.92%.

Analysts Set New Price Targets

Separately, StockNews.com cut Rand Capital from a “buy” rating to a “hold” rating in a report on Tuesday.

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.