Rand Capital Co. (NASDAQ:RAND) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 16,900 shares, a drop of 54.8% from the December 31st total of 37,400 shares. Based on an average trading volume of 8,700 shares, the short-interest ratio is currently 1.9 days. Currently, 0.4% of the shares of the company are short sold.

Separately, ValuEngine upgraded shares of Rand Capital from a “sell” rating to a “hold” rating in a research note on Tuesday.

Shares of NASDAQ RAND traded up $0.02 during mid-day trading on Tuesday, reaching $2.68. 426 shares of the company were exchanged, compared to its average volume of 2,526. The company’s 50-day simple moving average is $2.72 and its 200-day simple moving average is $2.65. The company has a quick ratio of 357.15, a current ratio of 357.14 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $16.94 million, a P/E ratio of -5.96 and a beta of 0.03. Rand Capital has a twelve month low of $2.14 and a twelve month high of $3.24.

Rand Capital (NASDAQ:RAND) last posted its earnings results on Thursday, November 7th. The asset manager reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $0.44 million for the quarter. Rand Capital had a negative return on equity of 0.69% and a negative net margin of 117.78%.

An institutional investor recently bought a new position in Rand Capital stock. Winthrop Partners WNY LLC acquired a new position in Rand Capital Co. (NASDAQ:RAND) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 48,596 shares of the asset manager’s stock, valued at approximately $121,000. Winthrop Partners WNY LLC owned approximately 0.77% of Rand Capital as of its most recent SEC filing. Institutional investors own 12.34% of the company’s stock.

Rand Capital Company Profile

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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