SuRo Capital Corp. (NASDAQ:SSSS) Sees Large Growth in Short Interest

SuRo Capital Corp. (NASDAQ:SSSS) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 105,100 shares, an increase of 34.1% from the December 15th total of 78,400 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 219,800 shares, the days-to-cover ratio is currently 0.5 days.

SuRo Capital Stock Performance

Shares of SSSS traded down $0.15 during trading hours on Friday, reaching $6.51. 150,813 shares of the company’s stock traded hands, compared to its average volume of 170,288. SuRo Capital has a twelve month low of $3.32 and a twelve month high of $6.74. The business’s fifty day simple moving average is $5.61 and its two-hundred day simple moving average is $4.62. 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 firm has a market capitalization of $152.28 million, a price-to-earnings ratio of -3.45 and a beta of 1.61.

Insider Buying and Selling

In other news, insider Allison Green acquired 9,100 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average price of $5.48 per share, with a total value of $49,868.00. Following the acquisition, the insider now directly owns 136,734 shares in the company, valued at approximately $749,302.32. The trade was a 7.13 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark D. Klein bought 39,000 shares of SuRo Capital stock in a transaction on Friday, November 29th. The shares were purchased at an average cost of $5.20 per share, with a total value of $202,800.00. Following the completion of the purchase, the chief executive officer now directly owns 1,169,923 shares in the company, valued at $6,083,599.60. This trade represents a 3.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 58,843 shares of company stock worth $307,047 over the last quarter. 5.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On SuRo Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. HB Wealth Management LLC acquired a new stake in shares of SuRo Capital in the 4th quarter worth approximately $65,000. Arete Wealth Advisors LLC acquired a new stake in SuRo Capital in the third quarter worth approximately $84,000. Gabelli Funds LLC boosted its stake in SuRo Capital by 139.3% during the 2nd quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock valued at $2,927,000 after purchasing an additional 425,000 shares in the last quarter. Choreo LLC acquired a new position in shares of SuRo Capital during the 2nd quarter valued at $62,000. Finally, Acadian Asset Management LLC raised its stake in shares of SuRo Capital by 91.6% in the 2nd quarter. Acadian Asset Management LLC now owns 131,636 shares of the company’s stock worth $527,000 after buying an additional 62,950 shares in the last quarter. Institutional investors own 12.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an “outperform” rating and set a $6.00 price target on shares of SuRo Capital in a report on Tuesday, November 12th.

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.