Short Interest in SuRo Capital Corp. (NASDAQ:SSSS) Declines By 33.1%

SuRo Capital Corp. (NASDAQ:SSSSGet Free Report) was the target of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 32,100 shares, a decline of 33.1% from the May 15th total of 48,000 shares. Based on an average daily volume of 72,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

SuRo Capital Stock Performance

Shares of NASDAQ SSSS remained flat at $4.00 during mid-day trading on Friday. The company had a trading volume of 34,687 shares, compared to its average volume of 50,827. The firm has a market cap of $93.28 million, a price-to-earnings ratio of -4.87 and a beta of 1.64. The company has a 50 day moving average price of $3.99 and a 200-day moving average price of $4.06. SuRo Capital has a 52 week low of $3.10 and a 52 week high of $4.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 39.54 and a current ratio of 39.54.

SuRo Capital (NASDAQ:SSSSGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.13) EPS for the quarter. SuRo Capital had a negative net margin of 316.66% and a negative return on equity of 6.35%. The firm had revenue of $1.53 million for the quarter.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. JMP Securities increased their price objective on SuRo Capital from $5.50 to $6.00 and gave the stock a “market outperform” rating in a research report on Tuesday, March 26th. Barrington Research reissued an “outperform” rating and issued a $6.00 price objective on shares of SuRo Capital in a report on Tuesday, May 28th.

Get Our Latest Stock Analysis on SSSS

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SSSS. Thomas J. Herzfeld Advisors Inc. grew its position in SuRo Capital by 4,479.8% during the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 656,240 shares of the company’s stock worth $2,376,000 after acquiring an additional 641,911 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of SuRo Capital by 50.6% in the first quarter. Gabelli Funds LLC now owns 305,000 shares of the company’s stock valued at $1,388,000 after buying an additional 102,500 shares during the period. Deuterium Capital Management LLC raised its holdings in SuRo Capital by 408.0% in the 1st quarter. Deuterium Capital Management LLC now owns 213,200 shares of the company’s stock valued at $970,000 after buying an additional 171,235 shares during the last quarter. Bulldog Investors LLP boosted its position in SuRo Capital by 15.1% during the 4th quarter. Bulldog Investors LLP now owns 152,373 shares of the company’s stock worth $600,000 after buying an additional 20,011 shares during the period. Finally, EJF Capital LLC grew its holdings in SuRo Capital by 104.2% during the 1st quarter. EJF Capital LLC now owns 72,711 shares of the company’s stock worth $331,000 after acquiring an additional 37,109 shares during the last quarter. Institutional investors own 12.95% of the company’s stock.

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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