Short Interest in SuRo Capital Corp. (NASDAQ:SSSS) Expands By 146.0%

SuRo Capital Corp. (NASDAQ:SSSS - Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 141,200 shares, an increase of 146.0% from the May 15th total of 57,400 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average trading volume of 204,700 shares, the short-interest ratio is presently 0.7 days.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SSSS shares. Wall Street Zen raised shares of SuRo Capital from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st. Citigroup reaffirmed an "outperform" rating on shares of SuRo Capital in a report on Wednesday, March 12th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $8.00 target price on shares of SuRo Capital in a report on Tuesday, April 8th.

Insider Activity

In other SuRo Capital news, CEO Mark D. Klein acquired 16,500 shares of the business's stock in a transaction dated Friday, May 9th. The stock was purchased at an average price of $5.26 per share, with a total value of $86,790.00. Following the transaction, the chief executive officer now directly owns 1,216,019 shares in the company, valued at approximately $6,396,259.94. The trade was a 1.38% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.69% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SSSS. Jump Financial LLC bought a new position in shares of SuRo Capital during the 1st quarter valued at about $59,000. Invesco Ltd. bought a new position in shares of SuRo Capital during the 1st quarter valued at about $62,000. Millennium Management LLC bought a new position in shares of SuRo Capital during the 4th quarter valued at about $65,000. Jane Street Group LLC bought a new position in shares of SuRo Capital during the 4th quarter valued at about $67,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of SuRo Capital by 8,025.0% during the 4th quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company's stock valued at $76,000 after purchasing an additional 12,840 shares during the last quarter. Institutional investors own 12.95% of the company's stock.

SuRo Capital Price Performance

SuRo Capital stock traded down $0.01 during mid-day trading on Monday, hitting $7.34. The stock had a trading volume of 102,168 shares, compared to its average volume of 173,811. The firm has a market capitalization of $172.87 million, a P/E ratio of -3.88 and a beta of 1.73. 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's 50 day moving average is $5.71 and its 200 day moving average is $5.76. SuRo Capital has a one year low of $3.52 and a one year high of $7.83.

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

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.