Rand Capital Co. (NASDAQ:RAND) Short Interest Update

Rand Capital Co. (NASDAQ:RAND) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 1,500 shares, a decrease of 60.5% from the June 30th total of 3,800 shares. Based on an average daily volume of 3,000 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Rand Capital Stock Performance

RAND traded up $0.48 on Thursday, reaching $16.88. The stock had a trading volume of 689 shares, compared to its average volume of 2,462. Rand Capital has a fifty-two week low of $12.50 and a fifty-two week high of $19.60. The firm has a 50-day moving average of $15.91 and a 200-day moving average of $14.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 28.32 and a quick ratio of 28.32.

Rand Capital (NASDAQ:RAND) last issued its earnings results on Monday, May 13th. The asset manager reported $0.37 earnings per share (EPS) for the quarter. Rand Capital had a return on equity of 5.25% and a net margin of 76.21%. The business had revenue of $2.07 million during the quarter.

Rand Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date was Friday, May 31st. This is a positive change from Rand Capital’s previous quarterly dividend of $0.25. Rand Capital’s payout ratio is 52.02%.

About Rand Capital

Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses.