Rand Capital Corporation (NASDAQ:RAND) Short Interest Up 151.1% in December

Rand Capital Corporation (NASDAQ:RAND) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 5,605 shares, an increase of 151.1% from the November 30th total of 2,232 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 11,153 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 11,153 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.6% of the shares of the stock are sold short.

Rand Capital Trading Down 1.7%

RAND stock opened at $11.16 on Friday. The company has a 50-day moving average price of $13.99 and a 200 day moving average price of $15.25. Rand Capital has a 12 month low of $10.56 and a 12 month high of $31.89. The stock has a market cap of $33.15 million, a PE ratio of -2.66 and a beta of 0.31.

Rand Capital (NASDAQ:RAND) last posted its quarterly earnings data on Friday, November 7th. The asset manager reported $0.33 earnings per share (EPS) for the quarter. The business had revenue of $1.58 million for the quarter. Rand Capital had a negative net margin of 164.74% and a positive return on equity of 7.12%.

Rand Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend is Tuesday, December 16th. Rand Capital’s payout ratio is currently -27.62%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Rand Capital in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Rand Capital Company Profile

Rand Capital Corporation is a publicly traded business development company (BDC) focused on providing financing solutions to growing businesses. Established in 1999 and headquartered near Buffalo, New York, Rand Capital seeks to partner with small to mid-size companies across a variety of industries. By leveraging its balance sheet, the firm aims to deliver flexible debt and equity investments designed to support expansion, acquisitions, working capital needs and other strategic initiatives.

The company’s financing activities span senior secured loans, subordinated debt, equity co-investments and royalty or revenue-based financing.