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

SuRo Capital Corp. (NASDAQ:SSSS) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 88,500 shares, a growth of 29.4% from the February 13th total of 68,400 shares. Based on an average trading volume of 282,300 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SSSS. Barrington Research restated an “outperform” rating and issued a $8.00 price objective on shares of SuRo Capital in a report 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 bought and sold shares of the business. HB Wealth Management LLC bought a new position in SuRo Capital during the fourth quarter worth about $65,000. Millennium Management LLC bought a new stake in shares of SuRo Capital during the fourth quarter worth approximately $65,000. Jane Street Group LLC bought a new stake in shares of SuRo Capital during the fourth quarter worth approximately $67,000. JPMorgan Chase & Co. boosted 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 acquiring an additional 12,840 shares during the period. Finally, Legato Capital Management LLC bought a new stake in shares of SuRo Capital during the fourth quarter worth approximately $82,000. Institutional investors own 12.95% of the company’s stock.

SuRo Capital Stock Performance

SuRo Capital stock traded down $0.17 during midday trading on Tuesday, reaching $5.86. 29,973 shares of the company’s stock were exchanged, compared to its average volume of 141,269. SuRo Capital has a 52 week low of $3.52 and a 52 week high of $6.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.32 and a current ratio of 11.32. The firm has a market cap of $138.26 million, a price-to-earnings ratio of -3.09 and a beta of 1.53. The stock’s 50-day simple moving average is $5.87 and its 200 day simple moving average is $5.22.

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.