Short Interest in SuRo Capital Corp. (NASDAQ:SSSS) Increases By 22.7%

SuRo Capital Corp. (NASDAQ:SSSS) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 108,600 shares, a growth of 22.7% from the February 28th total of 88,500 shares. Based on an average daily trading volume, of 266,900 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.5% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SSSS shares. Barrington Research restated an “outperform” rating and set a $8.00 price target on shares of SuRo Capital in a research note on Wednesday, March 12th. Citigroup reiterated an “outperform” rating on shares of SuRo Capital in a report on Wednesday, March 12th.

SuRo Capital Stock Performance

Shares of NASDAQ:SSSS opened at $5.38 on Thursday. The firm has a 50 day moving average of $5.75 and a 200 day moving average of $5.35. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $126.71 million, a price-to-earnings ratio of -2.85 and a beta of 1.53. SuRo Capital has a 52 week low of $3.52 and a 52 week high of $6.83.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Wolverine Trading LLC purchased a new position in SuRo Capital in the fourth quarter valued at about $414,000. Wexford Capital LP bought a new stake in shares of SuRo Capital in the 4th quarter valued at about $176,000. Millennium Management LLC purchased a new position in shares of SuRo Capital in the 4th quarter worth approximately $65,000. J. Goldman & Co LP bought a new position in shares of SuRo Capital during the 4th quarter worth approximately $3,592,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in SuRo Capital during the fourth quarter valued at approximately $177,000. 12.95% of the stock is owned by institutional investors.

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.