Rand Capital Corporation (NASDAQ:RAND) Shares Shorted: Short Interest Down 43.0% in September

Rand Capital Corporation (NASDAQ:RAND) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 159 shares, a decline of 43.0% from the August 31st total of 279 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,651 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Rand Capital from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, September 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Rand Capital Price Performance

RAND traded up $0.13 on Wednesday, hitting $9.91. 715 shares of the company’s stock traded hands, compared to its average volume of 3,902. The company’s 50 day simple moving average is $10.38 and its 200-day simple moving average is $10.64. The firm has a market cap of $29.43 million, a price-to-earnings ratio of -247.75 and a beta of 0.11. Rand Capital has a one year low of $9.77 and a one year high of $17.49. The company has a current ratio of 90.68, a quick ratio of 90.68 and a debt-to-equity ratio of 0.10.

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

Rand Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, August 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.7%. Rand Capital’s dividend payout ratio is currently -2,900.00%.

About Rand Capital

Rand Capital Corporation (NASDAQ: RAND) is a business development company that provides capital to small and mid-sized businesses, primarily through investments in privately held companies. The company seeks to support businesses with debt financing, subordinated debt, and equity investments, often working with management teams to help fund growth, acquisitions, recapitalizations, and other strategic initiatives.

Rand Capital typically focuses on lower-middle-market companies across a range of industries, including manufacturing, healthcare, technology, business services, and consumer products.