Short Interest in SuRo Capital Corp. (NASDAQ:SSSS) Increases By 22.7%

SuRo Capital Corp. (NASDAQ:SSSS) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 108,600 shares, a growth of 22.7% from the February 28th total of 88,500 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 266,900 shares, the short-interest ratio is presently 0.4 days.

SuRo Capital Stock Down 0.9 %

NASDAQ:SSSS traded down $0.05 on Tuesday, reaching $4.92. The stock had a trading volume of 24,900 shares, compared to its average volume of 143,584. The company has a 50-day moving average of $5.80 and a 200 day moving average of $5.34. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47. The stock has a market cap of $115.95 million, a P/E ratio of -2.61 and a beta of 1.53. SuRo Capital has a 12-month low of $3.52 and a 12-month high of $6.83.

Hedge Funds Weigh In On SuRo Capital

Several institutional investors and hedge funds have recently made changes to their positions in the business. Arete Wealth Advisors LLC bought a new stake in SuRo Capital during the third quarter valued at $84,000. HB Wealth Management LLC bought a new stake in shares of SuRo Capital during the 4th quarter valued at about $65,000. Choreo LLC raised its stake in SuRo Capital by 16.6% during the fourth quarter. Choreo LLC now owns 19,380 shares of the company’s stock worth $117,000 after acquiring an additional 2,764 shares during the period. Legato Capital Management LLC bought a new position in SuRo Capital in the fourth quarter worth about $82,000. Finally, Levin Capital Strategies L.P. boosted its stake in SuRo Capital by 85.5% in the fourth quarter. Levin Capital Strategies L.P. now owns 145,510 shares of the company’s stock valued at $856,000 after acquiring an additional 67,049 shares during the period. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SSSS has been the topic of several recent analyst reports. Barrington Research reissued an “outperform” rating and set a $8.00 price objective on shares of SuRo Capital in a research note on Wednesday, March 12th. Citigroup reaffirmed an “outperform” rating on shares of SuRo Capital in a research report on Wednesday, March 12th.

SuRo Capital Company Profile

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.