Short Interest in Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) Decreases By 44.4%

Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,000 shares, a decrease of 44.4% from the August 15th total of 1,800 shares. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is presently 0.3 days.

Firsthand Technology Value Fund Trading Up 13.0%

Shares of NASDAQ:SVVC opened at $0.07 on Tuesday. The stock has a market capitalization of $448,045.00, a PE ratio of 0.54 and a beta of 1.50. Firsthand Technology Value Fund has a 1 year low of $0.04 and a 1 year high of $0.10. The firm has a fifty day moving average price of $0.06 and a 200 day moving average price of $0.06.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on shares of Firsthand Technology Value Fund in a report on Wednesday, May 21st. They issued a “hold” rating for the company.

About Firsthand Technology Value Fund

Firsthand Technology Value Fund, Inc is a business development company specializes in venture capital investments in start-up, early stage, middle stage, late stage, early development stage, and PIPEs. It seeks to invest in pre-IPO companies. The fund also seeks to make investments in companies with operating histories that are unprofitable or marginally profitable, that have negative net worth, or that are involved in bankruptcy or reorganization proceedings.