Rand Capital Corporation (NASDAQ:RAND) Short Interest Up 5,235.0% in May

Rand Capital Corporation (NASDAQ:RAND) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 1,067 shares, a growth of 5,235.0% from the May 14th total of 20 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 5,270 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Rand Capital

An institutional investor recently raised its position in Rand Capital stock. O Shaughnessy Asset Management LLC boosted its position in shares of Rand Capital Corporation (NASDAQ:RAND) by 15.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 18,851 shares of the asset manager’s stock after acquiring an additional 2,589 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.63% of Rand Capital worth $220,000 at the end of the most recent reporting period.

Rand Capital Stock Down 0.7%

Shares of Rand Capital stock traded down $0.07 during trading on Tuesday, reaching $10.08. The company’s stock had a trading volume of 1,759 shares, compared to its average volume of 4,404. The company has a 50-day simple moving average of $10.96 and a two-hundred day simple moving average of $11.76. Rand Capital has a 1-year low of $10.00 and a 1-year high of $20.00. The company has a quick ratio of 82.98, a current ratio of 82.98 and a debt-to-equity ratio of 0.01. The company has a market cap of $29.94 million, a price-to-earnings ratio of -3.25 and a beta of 0.08.

Rand Capital (NASDAQ:RAND) last issued its quarterly earnings results on Wednesday, May 6th. The asset manager reported $0.18 EPS for the quarter. Rand Capital had a positive return on equity of 5.87% and a negative net margin of 162.06%.The company had revenue of $1.24 million during the quarter.

Rand Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $1.16 dividend on an annualized basis and a yield of 11.5%. Rand Capital’s payout ratio is currently -37.42%.

Rand Capital Company Profile

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.