Rand Capital Co. (NASDAQ:RAND) Short Interest Up 43.3% in February

Rand Capital Co. (NASDAQ:RAND) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 9,600 shares, an increase of 43.3% from the January 31st total of 6,700 shares. Based on an average daily volume of 14,400 shares, the short-interest ratio is presently 0.7 days. Currently, 1.6% of the shares of the stock are sold short.

Rand Capital Trading Down 5.2 %

RAND traded down $1.24 during trading hours on Tuesday, reaching $22.80. The company’s stock had a trading volume of 27,604 shares, compared to its average volume of 18,207. The company has a debt-to-equity ratio of 0.06, a current ratio of 15.99 and a quick ratio of 15.99. The business’s 50-day moving average is $22.43 and its 200-day moving average is $19.12. Rand Capital has a fifty-two week low of $13.69 and a fifty-two week high of $31.89. The stock has a market cap of $58.85 million, a PE ratio of 4.58 and a beta of 0.44.

Rand Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 5.09%. Rand Capital’s dividend payout ratio is currently 337.35%.

Analyst Ratings Changes

Separately, StockNews.com lowered Rand Capital from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

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.