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

SuRo Capital Corp. (NASDAQ:SSSS - Get Free Report) was the recipient of a significant drop in short interest during 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 company's shares are short sold.

SuRo Capital Stock Performance

SSSS traded down $0.05 during trading on Wednesday, hitting $4.62. 23,169 shares of the company traded hands, compared to its average volume of 148,476. SuRo Capital has a one year low of $3.52 and a one year high of $6.83. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47. The stock's fifty day moving average is $5.21 and its 200 day moving average is $5.43. The firm has a market cap of $108.81 million, a P/E ratio of -2.44 and a beta of 1.61.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On SuRo Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of SSSS. Choreo LLC boosted its stake in shares of SuRo Capital by 16.6% during the 4th quarter. Choreo LLC now owns 19,380 shares of the company's stock valued at $117,000 after purchasing an additional 2,764 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of SuRo Capital by 11.2% during the fourth quarter. Bank of America Corp DE now owns 30,626 shares of the company's stock valued at $180,000 after buying an additional 3,092 shares during the last quarter. HB Wealth Management LLC bought a new position in shares of SuRo Capital during the fourth quarter valued at $65,000. Millennium Management LLC bought a new stake in SuRo Capital in the 4th quarter worth approximately $65,000. Finally, Jane Street Group LLC bought a new stake in shares of SuRo Capital during the 4th quarter valued at about $67,000. Hedge funds and other institutional investors own 12.95% of the company's stock.

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.