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

Rand Capital Corporation (NASDAQ:RAND) saw a large 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 short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Rand Capital Price Performance

Shares of RAND traded down $0.12 during trading hours on Thursday, reaching $9.87. The company had a trading volume of 1,040 shares, compared to its average volume of 3,885. The company has a current ratio of 90.68, a quick ratio of 90.68 and a debt-to-equity ratio of 0.10. Rand Capital has a 12-month low of $9.77 and a 12-month high of $17.49. The firm has a 50 day simple moving average of $10.38 and a 200-day simple moving average of $10.64. The company has a market capitalization of $29.31 million, a price-to-earnings ratio of -246.75 and a beta of 0.11.

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

Rand Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th were paid 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 dividend yield of 11.8%. Rand Capital’s payout ratio is -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.