Short Interest in Rand Capital Corporation (NASDAQ:RAND) Rises By 348.1%

Rand Capital Corporation (NASDAQ:RAND) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 484 shares, a growth of 348.1% from the June 30th total of 108 shares. Based on an average trading volume of 1,605 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Rand Capital Price Performance

Shares of Rand Capital stock traded up $0.20 on Monday, hitting $10.31. The company had a trading volume of 1,285 shares, compared to its average volume of 1,250. Rand Capital has a 52 week low of $10.00 and a 52 week high of $19.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 82.98 and a quick ratio of 82.98. The company has a market cap of $30.64 million, a PE ratio of -3.33 and a beta of 0.10. The business has a 50-day simple moving average of $10.37 and a 200-day simple moving average of $10.97.

Rand Capital (NASDAQ:RAND) last announced its earnings results on Wednesday, May 6th. The asset manager reported $0.18 EPS for the quarter. The firm had revenue of $1.24 million for the quarter. Rand Capital had a positive return on equity of 5.87% and a negative net margin of 162.06%.

Rand Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were issued a $0.29 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $1.16 annualized dividend and a dividend yield of 11.2%. Rand Capital’s dividend payout ratio is -37.42%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Rand Capital in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Rand Capital stock. O Shaughnessy Asset Management LLC boosted its holdings in Rand Capital Corporation (NASDAQ:RAND) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,851 shares of the asset manager’s stock after acquiring an additional 2,589 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.63% of Rand Capital worth $220,000 as of its most recent SEC filing.

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.