Short Interest in SuRo Capital Corp. (NASDAQ:SSSS) Grows By 20.5%

SuRo Capital Corp. (NASDAQ:SSSS) saw a large growth in short interest in July. As of July 15th, there was short interest totalling 25,900 shares, a growth of 20.5% from the June 30th total of 21,500 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 47,000 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On SuRo Capital

A number of institutional investors have recently modified their holdings of the business. EJF Capital LLC grew its position in SuRo Capital by 104.2% in the first quarter. EJF Capital LLC now owns 72,711 shares of the company’s stock valued at $331,000 after acquiring an additional 37,109 shares during the last quarter. Gabelli Funds LLC grew its holdings in shares of SuRo Capital by 50.6% during the 1st quarter. Gabelli Funds LLC now owns 305,000 shares of the company’s stock valued at $1,388,000 after purchasing an additional 102,500 shares during the last quarter. Acadian Asset Management LLC acquired a new position in SuRo Capital during the 1st quarter worth approximately $311,000. Deuterium Capital Management LLC lifted its stake 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 purchasing an additional 171,235 shares during the last quarter. Finally, Wellington Shields & Co. LLC boosted its position in SuRo Capital by 35.0% in the first quarter. Wellington Shields & Co. LLC now owns 30,290 shares of the company’s stock valued at $138,000 after buying an additional 7,852 shares in the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and issued a $6.00 price target on shares of SuRo Capital in a research note on Friday, July 12th.

SuRo Capital Stock Performance

Shares of SSSS remained flat at $4.00 during midday trading on Friday. 27,826 shares of the stock were exchanged, compared to its average volume of 35,845. The stock has a market cap of $93.40 million, a price-to-earnings ratio of -4.88 and a beta of 1.66. The company’s 50 day simple moving average is $4.03 and its 200 day simple moving average is $4.04. SuRo Capital has a 52 week low of $3.32 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:SSSS) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $1.53 million for the quarter. SuRo Capital had a negative return on equity of 6.35% and a negative net margin of 316.66%.

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.