Rand Capital Co. (NASDAQ:RAND) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 59,100 shares, an increase of 66.0% from the July 31st total of 35,600 shares. Based on an average daily volume of 9,400 shares, the days-to-cover ratio is presently 6.3 days. Approximately 1.5% of the shares of the stock are short sold.

Separately, TheStreet downgraded Rand Capital from a “c” rating to a “d+” rating in a research report on Monday, August 26th.

RAND traded up $0.05 during trading on Friday, hitting $2.54. The company’s stock had a trading volume of 2,774 shares, compared to its average volume of 10,009. The firm’s 50 day moving average price is $2.63 and its two-hundred day moving average price is $2.78. The company has a current ratio of 152.87, a quick ratio of 152.87 and a debt-to-equity ratio of 0.35. Rand Capital has a 12 month low of $2.15 and a 12 month high of $3.60.

Rand Capital (NASDAQ:RAND) last issued its quarterly earnings data on Tuesday, August 6th. The asset manager reported ($0.02) earnings per share (EPS) for the quarter. Rand Capital had a negative net margin of 5.13% and a positive return on equity of 0.07%. The business had revenue of $0.58 million during the quarter.

About Rand Capital

Rand Capital Corporation is a business development company specializing in venture capital and private equity investments. The firm prefers to make investments through equity or debt instruments in early venture, expansion stage, and in small to medium-sized privately held companies. It generally lends to more mature companies.

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