SURO Capital Corp. (NASDAQ:SSSS) Short Interest Up 42.5% in February

SURO Capital Corp. (NASDAQ:SSSS) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 186,341 shares, an increase of 42.5% from the January 29th total of 130,765 shares. Based on an average daily volume of 216,361 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.8% of the shares of the stock are short sold. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily volume of 216,361 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Invesco Ltd. raised its stake in shares of SURO Capital by 560.4% during the fourth quarter. Invesco Ltd. now owns 99,449 shares of the company’s stock worth $939,000 after buying an additional 84,389 shares during the last quarter. Trexquant Investment LP raised its position in shares of SURO Capital by 359.3% during the 4th quarter. Trexquant Investment LP now owns 47,746 shares of the company’s stock valued at $451,000 after acquiring an additional 37,351 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of SURO Capital by 171.2% in the 4th quarter. Royal Bank of Canada now owns 15,293 shares of the company’s stock valued at $144,000 after purchasing an additional 9,655 shares during the period. Mangrove Partners IM LLC bought a new position in shares of SURO Capital in the 4th quarter worth $497,000. Finally, Heron Bay Capital Management acquired a new stake in shares of SURO Capital during the fourth quarter worth $137,000. Institutional investors own 12.95% of the company’s stock.

SURO Capital Stock Down 3.0%

Shares of SSSS stock traded down $0.29 on Tuesday, reaching $9.22. 223,211 shares of the stock were exchanged, compared to its average volume of 172,958. The company has a current ratio of 18.48, a quick ratio of 18.48 and a debt-to-equity ratio of 0.32. SURO Capital has a one year low of $4.21 and a one year high of $10.34. The stock has a 50 day moving average price of $9.45 and a 200 day moving average price of $9.29.

Wall Street Analysts Forecast Growth

SSSS has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of SURO Capital in a research report on Monday, December 29th. Capital One Financial set a $12.00 target price on shares of SURO Capital in a research note on Monday, January 5th. Barrington Research increased their price target on SURO Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Wall Street Zen downgraded SURO Capital from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, BTIG Research reissued a “buy” rating and issued a $10.50 price objective on shares of SURO Capital in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $11.13.

About SURO Capital

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.