Rand Capital Co. (NASDAQ:RAND) Sees Significant Increase in Short Interest

Rand Capital Co. (NASDAQ:RAND) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 9,600 shares, a growth of 43.3% from the January 31st total of 6,700 shares. Based on an average trading volume of 14,400 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.6% of the shares of the stock are sold short.

Rand Capital Price Performance

Rand Capital stock opened at $22.80 on Wednesday. The company has a fifty day simple moving average of $22.52 and a 200-day simple moving average of $19.15. The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $58.85 million, a price-to-earnings ratio of 4.58 and a beta of 0.44. Rand Capital has a 52-week low of $13.69 and a 52-week high of $31.89.

Rand Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 5.09%. Rand Capital’s payout ratio is 337.35%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Rand Capital from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

Rand Capital Company Profile

Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses.