Rand Capital Corporation (NASDAQ:RAND – Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 211 shares, a growth of 66.1% from the September 30th total of 127 shares. Based on an average daily trading volume, of 1,017 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.
Rand Capital Trading Up 2.7%
NASDAQ RAND opened at $9.76 on Tuesday. Rand Capital has a 12 month low of $9.11 and a 12 month high of $17.49. The company has a current ratio of 90.68, a quick ratio of 90.68 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average of $10.16 and a 200-day moving average of $10.67. The company has a market cap of $28.98 million, a PE ratio of 9.59 and a beta of 0.08.
Rand Capital (NASDAQ:RAND – Get Free Report) last issued its earnings results on Wednesday, August 5th. The asset manager reported $0.24 earnings per share for the quarter. Rand Capital had a negative net margin of 2.67% and a positive return on equity of 5.47%. The business had revenue of $1.39 million for the quarter.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings cut shares of Rand Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Rand Capital has a consensus rating of “Sell”.
View Our Latest Analysis on RAND
About Rand Capital
Rand Capital Corporation (NASDAQ: RAND) is a business development company that provides financing to small and lower-middle-market businesses. The company seeks to support the growth, recapitalization, acquisition, and ownership transitions of privately held and publicly traded companies through customized investment solutions.
Rand primarily invests in debt securities, including secured and subordinated loans, and may also make equity investments, such as common stock, preferred stock, and warrants.
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