Short Interest in SuRo Capital Corp. (NASDAQ:SSSS) Increases By 19.8%

SuRo Capital Corp. (NASDAQ:SSSS) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 68,400 shares, a growth of 19.8% from the January 31st total of 57,100 shares. Based on an average daily trading volume, of 247,700 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On SuRo Capital

Hedge funds have recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. boosted its stake in shares of SuRo Capital by 24.7% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,357,409 shares of the company’s stock valued at $7,982,000 after purchasing an additional 268,899 shares in the last quarter. Gabelli Funds LLC boosted its stake in shares of SuRo Capital by 22.3% during the fourth quarter. Gabelli Funds LLC now owns 1,164,500 shares of the company’s stock valued at $6,847,000 after purchasing an additional 212,000 shares in the last quarter. J. Goldman & Co LP bought a new position in shares of SuRo Capital during the fourth quarter valued at approximately $3,592,000. Gamco Investors INC. ET AL boosted its stake in shares of SuRo Capital by 5.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 210,750 shares of the company’s stock valued at $1,239,000 after purchasing an additional 11,750 shares in the last quarter. Finally, Levin Capital Strategies L.P. boosted its stake in SuRo Capital by 85.5% in 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 in the last quarter. 12.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and issued a $8.00 price objective on shares of SuRo Capital in a research report on Thursday.

SuRo Capital Price Performance

Shares of SSSS stock opened at $5.31 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 11.32. The company has a market capitalization of $125.33 million, a P/E ratio of -2.81 and a beta of 1.53. The company’s 50-day simple moving average is $5.92 and its two-hundred day simple moving average is $5.12. SuRo Capital has a one year low of $3.52 and a one year 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.