SuRo Capital Corp. (NASDAQ:SSSS) Sees Significant Decrease in Short Interest

SuRo Capital Corp. (NASDAQ:SSSS - Get Free Report) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 88,200 shares, a drop of 36.3% from the March 31st total of 138,400 shares. Based on an average daily volume of 245,700 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On SuRo Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in SSSS. HB Wealth Management LLC acquired a new stake in shares of SuRo Capital in the fourth quarter valued at about $65,000. 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 buying an additional 2,764 shares during the last quarter. Legato Capital Management LLC purchased a new stake in SuRo Capital during the 4th quarter worth approximately $82,000. Levin Capital Strategies L.P. raised its holdings in shares of SuRo Capital by 85.5% during 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 last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of SuRo Capital by 8,025.0% in the fourth quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company's stock valued at $76,000 after acquiring an additional 12,840 shares in the last quarter. Hedge funds and other institutional investors own 12.95% of the company's stock.

Analyst Upgrades and Downgrades

SSSS has been the topic of a number of recent analyst reports. Citigroup reissued an "outperform" rating on shares of SuRo Capital in a report on Wednesday, March 12th. Barrington Research reissued an "outperform" rating and set a $8.00 target price on shares of SuRo Capital in a research note on Tuesday, April 8th.

SuRo Capital Price Performance

SSSS traded up $0.09 during trading on Friday, hitting $4.86. The company's stock had a trading volume of 71,967 shares, compared to its average volume of 149,530. 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 firm has a market capitalization of $114.46 million, a price-to-earnings ratio of -2.57 and a beta of 1.61. The business's fifty day simple moving average is $5.16 and its 200 day simple moving average is $5.42. SuRo Capital has a twelve month low of $3.52 and a twelve month high of $6.83.

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.