SuRo Capital Corp. (NASDAQ:SSSS) Short Interest Update

SuRo Capital Corp. (NASDAQ:SSSS) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 138,400 shares, a growth of 27.4% from the March 15th total of 108,600 shares. Based on an average trading volume of 270,500 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On SuRo Capital

A number of institutional investors have recently bought and sold shares of the stock. Choreo LLC boosted its holdings in SuRo Capital by 16.6% in the 4th 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. Bank of America Corp DE lifted its holdings in SuRo Capital by 11.2% in the 4th quarter. Bank of America Corp DE now owns 30,626 shares of the company’s stock worth $180,000 after buying an additional 3,092 shares in the last quarter. HB Wealth Management LLC acquired a new position in shares of SuRo Capital in the 4th quarter valued at approximately $65,000. Millennium Management LLC bought a new stake in shares of SuRo Capital in the fourth quarter worth $65,000. Finally, Jane Street Group LLC bought a new position in SuRo Capital during the 4th quarter worth approximately $67,000. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

SuRo Capital Trading Down 0.9 %

SuRo Capital stock traded down $0.04 during trading on Monday, hitting $4.44. The company’s stock had a trading volume of 22,754 shares, compared to its average volume of 147,701. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.32 and a current ratio of 11.32. The stock has a market capitalization of $104.57 million, a price-to-earnings ratio of -2.35 and a beta of 1.61. The stock’s fifty day moving average is $5.45 and its 200 day moving average is $5.41. SuRo Capital has a 1-year low of $3.52 and a 1-year high of $6.83.

Wall Street Analysts Forecast Growth

SSSS has been the topic of several recent research reports. Citigroup reaffirmed an “outperform” rating on shares of SuRo Capital in a report on Wednesday, March 12th. Barrington Research reiterated an “outperform” rating and set a $8.00 target price on shares of SuRo Capital in a report on Tuesday, April 8th.

About SuRo Capital

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.