Rand Capital Corporation (NASDAQ:RAND) Short Interest Up 151.1% in December

Rand Capital Corporation (NASDAQ:RAND) was the recipient of a significant 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 volume of 11,153 shares, the short-interest ratio is presently 0.5 days. Approximately 0.6% of the shares of the stock are sold short. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 11,153 shares, the short-interest ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Rand Capital in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Rand Capital Price Performance

Shares of NASDAQ RAND traded down $0.19 on Friday, hitting $11.16. The company’s stock had a trading volume of 26,855 shares, compared to its average volume of 12,054. The stock has a 50 day moving average of $13.99 and a 200-day moving average of $15.25. The company has a market capitalization of $33.15 million, a price-to-earnings ratio of -2.66 and a beta of 0.31. Rand Capital has a 12-month low of $10.56 and a 12-month high of $31.89.

Rand Capital (NASDAQ:RAND) last issued its quarterly earnings data on Friday, November 7th. The asset manager reported $0.33 earnings per share for the quarter. Rand Capital had a negative net margin of 164.74% and a positive return on equity of 7.12%. The business had revenue of $1.58 million during the quarter.

Rand Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors 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 yield of 10.4%. The ex-dividend date is Tuesday, December 16th. Rand Capital’s dividend payout ratio (DPR) is currently -27.62%.

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.