Rand Capital Co. (NASDAQ:RAND) Short Interest Down 22.0% in December

Rand Capital Co. (NASDAQ:RAND) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 7,800 shares, a decrease of 22.0% from the December 15th total of 10,000 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 6,600 shares, the days-to-cover ratio is currently 1.2 days.

Rand Capital Price Performance

Rand Capital stock traded up $0.25 during midday trading on Friday, hitting $21.68. 15,411 shares of the stock were exchanged, compared to its average volume of 13,156. The company has a fifty day simple moving average of $18.30 and a two-hundred day simple moving average of $17.41. The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.06. Rand Capital has a 52 week low of $12.92 and a 52 week high of $24.10.

Rand Capital Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, January 24th. Stockholders of record on Monday, December 16th will be given a dividend of $4.20 per share. The ex-dividend date of this dividend is Monday, December 16th. Rand Capital’s dividend payout ratio is 337.35%.

Rand Capital Company Profile

Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses.