Short Interest in Rand Capital Corporation (NASDAQ:RAND) Decreases By 96.8%

Rand Capital Corporation (NASDAQ:RAND) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 180 shares, a drop of 96.8% from the December 15th total of 5,605 shares. Based on an average trading volume of 15,958 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 15,958 shares, the short-interest ratio is currently 0.0 days.

Rand Capital Price Performance

Shares of RAND stock traded up $0.17 during midday trading on Wednesday, reaching $11.96. 2,809 shares of the company traded hands, compared to its average volume of 6,023. The firm’s 50 day simple moving average is $13.40 and its two-hundred day simple moving average is $14.89. The firm has a market cap of $35.52 million, a PE ratio of -2.85 and a beta of 0.20. Rand Capital has a 1-year low of $10.56 and a 1-year high of $31.89.

Rand Capital (NASDAQ:RAND) last released its quarterly earnings data on Friday, November 7th. The asset manager reported $0.33 earnings per share for the quarter. The firm had revenue of $1.58 million during the quarter. Rand Capital had a positive return on equity of 7.12% and a negative net margin of 164.74%.

Rand Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were given a $0.29 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 9.7%. Rand Capital’s dividend payout ratio (DPR) is currently -27.62%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Rand Capital in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

About Rand Capital

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.