SURO Capital Corp. (NASDAQ:SSSS) Short Interest Update

SURO Capital Corp. (NASDAQ:SSSS) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 130,765 shares, an increase of 21.3% from the January 15th total of 107,768 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 193,852 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 193,852 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

SSSS has been the subject of several research analyst reports. BTIG Research boosted their price target on shares of SURO Capital from $10.00 to $10.50 and gave the company a “buy” rating in a report on Wednesday, November 5th. Lucid Cap Mkts upgraded SURO Capital to a “strong-buy” rating in a report on Monday, January 5th. Barrington Research lifted their price objective on SURO Capital from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of SURO Capital in a research report on Monday, December 29th. Finally, Capital One Financial set a $12.00 target price on SURO Capital in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $11.13.

Institutional Trading of SURO Capital

A number of institutional investors have recently made changes to their positions in SSSS. Bank of America Corp DE grew its position in SURO Capital by 222.2% in the second quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock valued at $27,000 after purchasing an additional 2,253 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of SURO Capital during the 2nd quarter worth about $31,000. Hazlett Burt & Watson Inc. grew its holdings in shares of SURO Capital by 2,587.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,655 shares of the company’s stock valued at $33,000 after acquiring an additional 3,519 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of SURO Capital in the first quarter valued at about $62,000. Finally, Byrne Asset Management LLC bought a new stake in SURO Capital during the third quarter worth about $83,000. Institutional investors own 12.95% of the company’s stock.

SURO Capital Stock Down 2.0%

SURO Capital stock traded down $0.19 during midday trading on Tuesday, reaching $9.29. The stock had a trading volume of 61,162 shares, compared to its average volume of 177,097. The stock has a market capitalization of $233.36 million, a P/E ratio of -22.13 and a beta of 1.42. The firm’s fifty day simple moving average is $9.44 and its 200-day simple moving average is $9.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 18.48 and a current ratio of 18.48. SURO Capital has a 1-year low of $4.21 and a 1-year high of $10.34.

SURO Capital Company Profile

SURO Capital Corp (NASDAQ: SSSS) is a closed-end management investment company that operates as a business development company (BDC). Founded in 2013 and headquartered in Lewisville, Texas, SURO Capital provides capital solutions to lower middle-market companies across a range of industries. As a BDC, the company is governed by the Investment Company Act of 1940 and focuses on offering debt and equity financing to privately held businesses that may have limited access to traditional bank lending.

The firm’s primary business activities include originating and managing a diversified portfolio of senior secured floating rate loans, unsecured loans, unitranche debt, and equity co-investments.