Short Interest in Rand Capital Co. (NASDAQ:RAND) Decreases By 22.0%

Rand Capital Co. (NASDAQ:RAND) was the target of a large decrease in short interest in 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. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.3% of the company’s shares are sold short.

Rand Capital Stock Performance

Shares of NASDAQ:RAND traded up $0.25 during trading on Friday, hitting $21.68. The stock had a trading volume of 15,411 shares, compared to its average volume of 13,156. The firm’s fifty day moving average is $18.30 and its 200 day moving average is $17.41. Rand Capital has a 12 month low of $12.92 and a 12 month high of $24.10. 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 Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, January 24th. Investors of record on Monday, December 16th will be paid a $4.20 dividend. The ex-dividend date of this dividend is Monday, December 16th. Rand Capital’s 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.