SuRo Capital Corp. (NASDAQ:SSSS) Short Interest Up 103.8% in October

by · The Markets Daily

SuRo Capital Corp. (NASDAQ:SSSS – Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 133,900 shares, an increase of 103.8% from the September 30th total of 65,700 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 95,100 shares, the days-to-cover ratio is presently 1.4 days.

Insider Activity

In other news, CEO Mark D. Klein acquired 12,000 shares of the stock in a transaction on Tuesday, August 20th. The stock was acquired at an average price of $3.84 per share, with a total value of $46,080.00. Following the completion of the transaction, the chief executive officer now owns 1,088,666 shares of the company’s stock, valued at $4,180,477.44. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.97% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SuRo Capital

A number of hedge funds have recently added to or reduced their stakes in the company. Choreo LLC purchased a new position in SuRo Capital in the 2nd quarter worth about $62,000. Wellington Shields & Co. LLC grew its position in SuRo Capital by 35.0% in the 1st quarter. Wellington Shields & Co. LLC now owns 30,290 shares of the company’s stock worth $138,000 after purchasing an additional 7,852 shares during the period. Levin Capital Strategies L.P. purchased a new stake in SuRo Capital during the 2nd quarter valued at $174,000. Quadrature Capital Ltd purchased a new position in shares of SuRo Capital in the 4th quarter worth $184,000. Finally, Acadian Asset Management LLC bought a new stake in shares of SuRo Capital in the first quarter worth $311,000. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

SuRo Capital Stock Up 2.0 %

Shares of SSSS traded up $0.09 during trading hours on Friday, hitting $4.57. The company had a trading volume of 41,187 shares, compared to its average volume of 210,249. The stock has a market capitalization of $106.85 million, a price-to-earnings ratio of -6.82 and a beta of 1.66. The firm has a fifty day moving average price of $4.11 and a 200-day moving average price of $4.02. SuRo Capital has a 52-week low of $3.32 and a 52-week high of $5.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 27.02 and a current ratio of 27.02.

SuRo Capital (NASDAQ:SSSS – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $1.03 million during the quarter. SuRo Capital had a negative return on equity of 6.47% and a negative net margin of 256.84%.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and set a $6.00 target price on shares of SuRo Capital in a report on Friday, October 11th.

Check Out Our Latest Analysis on SSSS

About SuRo Capital

(Get Free Report)

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.

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