Rand Capital Co. (NASDAQ:RAND) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 24,300 shares, a decline of 11.3% from the September 30th total of 27,400 shares. Based on an average trading volume of 13,500 shares, the short-interest ratio is presently 1.8 days. Currently, 0.6% of the shares of the company are sold short.
NASDAQ RAND traded down $0.02 on Monday, hitting $2.78. 24,000 shares of the company’s stock traded hands, compared to its average volume of 20,465. The company has a debt-to-equity ratio of 0.39, a quick ratio of 152.87 and a current ratio of 357.14. Rand Capital has a 1-year low of $2.14 and a 1-year high of $3.60. The firm’s 50-day moving average price is $2.61 and its two-hundred day moving average price is $2.67.
Several analysts have commented on the stock. TheStreet cut shares of Rand Capital from a “c” rating to a “d+” rating in a research note on Monday, August 26th. ValuEngine upgraded shares of Rand Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.
An institutional investor recently bought a new position in Rand Capital stock. Winthrop Partners WNY LLC bought a new stake in Rand Capital Co. (NASDAQ:RAND) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 48,596 shares of the asset manager’s stock, valued at approximately $121,000. Winthrop Partners WNY LLC owned 0.77% of Rand Capital at the end of the most recent reporting period. 12.97% of the stock is currently owned by institutional investors and hedge funds.
Rand Capital Company Profile
Rand Capital Corporation is a business development company specializing in venture capital and private equity investments. The firm prefers to make investments through equity or debt instruments in early venture, expansion stage, and in small to medium-sized privately held companies. It generally lends to more mature companies.
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