Rand Capital Corporation (NASDAQ:RAND) Shares Shorted: Short Interest Up 66.1% in October

Rand Capital Corporation (NASDAQ:RAND) was the target of a large growth in short interest in 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. Based on an average daily volume of 1,017 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Rand Capital Price Performance

Shares of NASDAQ RAND opened at $9.74 on Monday. Rand Capital has a 12 month low of $9.11 and a 12 month high of $17.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 90.68 and a quick ratio of 90.68. The firm’s 50 day simple moving average is $10.17 and its 200-day simple moving average is $10.68. The stock has a market capitalization of $28.92 million, a price-to-earnings ratio of -243.48 and a beta of 0.12.

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. Rand Capital had a negative net margin of 2.67% and a positive return on equity of 5.47%. The company had revenue of $1.39 million for the quarter.

Analyst Upgrades and Downgrades

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