SuRo Capital Corp. (NASDAQ:SSSS) Short Interest Up 146.0% in May

SuRo Capital Corp. (NASDAQ:SSSS - Get Free Report) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 141,200 shares, a growth of 146.0% from the May 15th total of 57,400 shares. Based on an average daily volume of 204,700 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.7% of the company's stock are short sold.

Insiders Place Their Bets

In other SuRo Capital news, CEO Mark D. Klein acquired 16,500 shares of SuRo Capital stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of $5.26 per share, for a total transaction of $86,790.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,216,019 shares of the company's stock, valued at $6,396,259.94. This represents a 1.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 6.69% of the company's stock.

Hedge Funds Weigh In On SuRo Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. J. Goldman & Co LP bought a new stake in shares of SuRo Capital in the 4th quarter worth approximately $3,592,000. Thomas J. Herzfeld Advisors Inc. lifted its holdings in shares of SuRo Capital by 26.3% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,714,062 shares of the company's stock worth $8,519,000 after acquiring an additional 356,653 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of SuRo Capital by 22.3% in the 4th quarter. Gabelli Funds LLC now owns 1,164,500 shares of the company's stock worth $6,847,000 after acquiring an additional 212,000 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of SuRo Capital in the 1st quarter worth approximately $867,000. Finally, Marshall Wace LLP bought a new stake in shares of SuRo Capital in the 4th quarter worth approximately $461,000. Hedge funds and other institutional investors own 12.95% of the company's stock.

SuRo Capital Price Performance

SSSS stock traded down $0.12 during midday trading on Friday, reaching $7.35. The company had a trading volume of 133,464 shares, compared to its average volume of 174,097. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 11.32. SuRo Capital has a 1 year low of $3.52 and a 1 year high of $7.83. The company has a market capitalization of $173.11 million, a P/E ratio of -3.89 and a beta of 1.73. The firm has a 50-day moving average price of $5.65 and a 200-day moving average price of $5.74.

SuRo Capital (NASDAQ:SSSS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.02). SuRo Capital had a negative return on equity of 7.28% and a negative net margin of 801.00%. The company had revenue of $0.50 million during the quarter, compared to analysts' expectations of $1.23 million.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barrington Research reissued an "outperform" rating and set a $8.00 price target on shares of SuRo Capital in a research report on Tuesday, April 8th. Citigroup reissued an "outperform" rating on shares of SuRo Capital in a research report on Wednesday, March 12th. Finally, Wall Street Zen raised shares of SuRo Capital from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st.

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.