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

SuRo Capital Corp. (NASDAQ:SSSS) was the recipient of 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 daily volume of 282,300 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On SuRo Capital

Several institutional investors and hedge funds have recently bought and sold shares of SSSS. Arete Wealth Advisors LLC acquired a new stake in shares of SuRo Capital during the 3rd quarter valued at about $84,000. HB Wealth Management LLC acquired a new stake in shares of SuRo Capital during the 4th quarter valued at about $65,000. Choreo LLC lifted its holdings in shares of SuRo Capital by 16.6% during the 4th quarter. Choreo LLC now owns 19,380 shares of the company’s stock valued at $117,000 after buying an additional 2,764 shares during the last quarter. Legato Capital Management LLC acquired a new stake in shares of SuRo Capital during the 4th quarter valued at about $82,000. Finally, Levin Capital Strategies L.P. lifted its holdings in shares of SuRo Capital by 85.5% during the 4th quarter. Levin Capital Strategies L.P. now owns 145,510 shares of the company’s stock valued at $856,000 after buying an additional 67,049 shares during the last quarter. Hedge funds and other institutional investors own 12.95% of the company’s stock.

SuRo Capital Trading Down 2.2 %

NASDAQ:SSSS opened at $5.90 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 11.32. SuRo Capital has a fifty-two week low of $3.52 and a fifty-two week high of $6.83. The stock’s 50-day moving average is $5.88 and its two-hundred day moving average is $5.24. The stock has a market cap of $139.25 million, a PE ratio of -3.12 and a beta of 1.53.

Analyst Ratings Changes

A number of brokerages recently weighed in on SSSS. Citigroup reissued an “outperform” rating on shares of SuRo Capital in a research note on Wednesday, March 12th. Barrington Research reaffirmed an “outperform” rating and set a $8.00 target price on shares of SuRo Capital in a research note on Wednesday, March 12th.

About SuRo Capital

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.