Rand Capital Corporation (NASDAQ:RAND) Sees Large Increase in Short Interest
by Teresa Graham · The Cerbat GemRand Capital Corporation (NASDAQ:RAND – Get Free Report) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 5,605 shares, a growth of 151.1% from the November 30th total of 2,232 shares. Based on an average daily trading volume, of 11,153 shares, the short-interest ratio is presently 0.5 days. Approximately 0.6% of the company’s shares are short sold. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 11,153 shares, the short-interest ratio is presently 0.5 days.
Rand Capital Price Performance
Rand Capital stock traded down $0.19 during midday trading on Friday, hitting $11.17. 22,399 shares of the company were exchanged, compared to its average volume of 8,738. The company has a market cap of $33.16 million, a PE ratio of -2.66 and a beta of 0.31. Rand Capital has a fifty-two week low of $10.56 and a fifty-two week high of $31.89. The company’s fifty day moving average price is $14.04 and its 200-day moving average price is $15.28.
Rand Capital (NASDAQ:RAND – Get Free Report) last posted its earnings results on Friday, November 7th. The asset manager reported $0.33 EPS for the quarter. The business had revenue of $1.58 million for the quarter. Rand Capital had a negative net margin of 164.74% and a positive return on equity of 7.12%.
Rand Capital Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Tuesday, December 16th. Rand Capital’s payout ratio is presently -27.62%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Rand Capital in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on Rand Capital
Rand Capital Company Profile
Rand Capital Corporation is a publicly traded business development company (BDC) focused on providing financing solutions to growing businesses. Established in 1999 and headquartered near Buffalo, New York, Rand Capital seeks to partner with small to mid-size companies across a variety of industries. By leveraging its balance sheet, the firm aims to deliver flexible debt and equity investments designed to support expansion, acquisitions, working capital needs and other strategic initiatives.
The company’s financing activities span senior secured loans, subordinated debt, equity co-investments and royalty or revenue-based financing.