Rand Capital Corporation (NASDAQ:RAND) Stock Short Interest Declines 43.0%

Rand Capital Corporation (NASDAQ:RAND) was the recipient of a significant 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. Based on an average daily volume of 1,651 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

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

Rand Capital Price Performance

NASDAQ:RAND traded up $0.12 on Friday, hitting $9.99. The company had a trading volume of 1,040 shares, compared to its average volume of 2,068. Rand Capital has a 52 week low of $9.77 and a 52 week high of $17.49. The stock has a market capitalization of $29.69 million, a price-to-earnings ratio of -249.87 and a beta of 0.08. The company has a current ratio of 90.68, a quick ratio of 90.68 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $10.37 and a two-hundred day moving average of $10.62.

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

Rand Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $1.16 annualized dividend and a yield of 11.6%. Rand Capital’s payout ratio is presently -2,900.00%.

Rand Capital Company Profile

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.