Rand Capital Corporation (NASDAQ:RAND) Stock Short Interest Rises 66.1%

Rand Capital Corporation (NASDAQ:RAND) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 211 shares, a growth of 66.1% from the September 30th total of 127 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,017 shares, the days-to-cover ratio is currently 0.2 days.

Rand Capital Stock Performance

Shares of Rand Capital stock opened at $9.75 on Wednesday. The company has a market cap of $28.96 million, a PE ratio of 10.02 and a beta of 0.12. Rand Capital has a 52 week low of $9.11 and a 52 week high of $17.49. The business has a 50 day moving average price of $10.14 and a 200-day moving average price of $10.65. The company has a quick ratio of 90.68, a current ratio of 90.68 and a debt-to-equity ratio of 0.10.

Rand Capital (NASDAQ:RAND) last posted its earnings results on Wednesday, August 5th. The asset manager reported $0.24 earnings per share for the quarter. The company had revenue of $1.39 million for the quarter. Rand Capital had a positive return on equity of 5.47% and a negative net margin of 2.67%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Rand Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 9th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Rand Capital Company Profile

Rand Capital Corporation (NASDAQ: RAND) is a business development company that provides financing to small and lower-middle-market businesses. The company seeks to support the growth, recapitalization, acquisition, and ownership transitions of privately held and publicly traded companies through customized investment solutions.

Rand primarily invests in debt securities, including secured and subordinated loans, and may also make equity investments, such as common stock, preferred stock, and warrants.