Rand Capital Co. (NASDAQ:RAND – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 2,500 shares, a drop of 24.2% from the September 30th total of 3,300 shares. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.4% of the company’s stock are short sold.
Rand Capital Stock Performance
NASDAQ:RAND remained flat at $16.41 during trading hours on Friday. 11 shares of the company’s stock were exchanged, compared to its average volume of 2,295. The company has a current ratio of 20.17, a quick ratio of 20.17 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average price of $17.27 and a 200-day moving average price of $16.24. Rand Capital has a 1-year low of $12.50 and a 1-year high of $19.60.
Rand Capital (NASDAQ:RAND – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The asset manager reported $0.44 earnings per share for the quarter. Rand Capital had a net margin of 137.44% and a return on equity of 6.13%. The firm had revenue of $2.14 million for the quarter.
Rand Capital Dividend Announcement
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.
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