Rand Capital Corporation (NASDAQ:RAND) Short Interest Down 96.8% in December

Rand Capital Corporation (NASDAQ:RAND) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 180 shares, a decrease of 96.8% from the December 15th total of 5,605 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 15,958 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 15,958 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Rand Capital Price Performance

NASDAQ RAND traded up $0.05 during trading hours on Monday, reaching $11.50. The company’s stock had a trading volume of 7,588 shares, compared to its average volume of 6,984. The firm has a fifty day simple moving average of $13.52 and a 200-day simple moving average of $14.96. Rand Capital has a 52 week low of $10.56 and a 52 week high of $31.89. The stock has a market cap of $34.16 million, a P/E ratio of -2.74 and a beta of 0.20.

Rand Capital (NASDAQ:RAND) last released its quarterly earnings results on Friday, November 7th. The asset manager reported $0.33 earnings per share (EPS) for the quarter. The firm had revenue of $1.58 million during 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 business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.16 annualized dividend and a yield of 10.1%. Rand Capital’s payout ratio is presently -27.62%.

Analyst Upgrades and Downgrades

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

About Rand Capital

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.