SuRo Capital Corp. (NASDAQ:SSSS) Short Interest Up 170.8% in May

SuRo Capital Corp. (NASDAQ:SSSS - Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 57,400 shares, an increase of 170.8% from the April 30th total of 21,200 shares. Based on an average daily volume of 199,500 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the company's stock are sold short.

Insider Buying and Selling at SuRo Capital

In other news, CEO Mark D. Klein purchased 16,500 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average cost of $5.26 per share, with a total value of $86,790.00. Following the acquisition, the chief executive officer now owns 1,216,019 shares in the company, valued at approximately $6,396,259.94. This trade represents a 1.38% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.69% of the company's stock.

Institutional Trading of SuRo Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC bought a new position in shares of SuRo Capital in the fourth quarter valued at approximately $65,000. Jane Street Group LLC purchased a new stake in shares of SuRo Capital during the fourth quarter worth $67,000. Jump Financial LLC purchased a new stake in shares of SuRo Capital during the first quarter worth $59,000. Invesco Ltd. purchased a new stake in shares of SuRo Capital during the first quarter worth $62,000. Finally, JPMorgan Chase & Co. lifted its position in shares of SuRo Capital by 8,025.0% during the fourth quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company's stock worth $76,000 after acquiring an additional 12,840 shares in the last quarter. 12.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on SSSS. Citigroup reiterated an "outperform" rating on shares of SuRo Capital in a research note on Wednesday, March 12th. Barrington Research restated an "outperform" rating and set a $8.00 price objective on shares of SuRo Capital in a research report on Tuesday, April 8th.

SuRo Capital Trading Down 2.0%

Shares of NASDAQ:SSSS traded down $0.13 during midday trading on Friday, reaching $6.25. The company's stock had a trading volume of 73,870 shares, compared to its average volume of 159,012. The firm has a market capitalization of $147.20 million, a price-to-earnings ratio of -3.31 and a beta of 1.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.32 and a current ratio of 11.32. The firm has a 50 day moving average price of $5.20 and a two-hundred day moving average price of $5.58. SuRo Capital has a fifty-two week low of $3.52 and a fifty-two week high of $6.83.

SuRo Capital (NASDAQ:SSSS - Get Free Report) last issued its 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 net margin of 801.00% and a negative return on equity of 7.28%. The firm had revenue of $0.50 million during the quarter, compared to the consensus estimate of $1.23 million.

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.