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

Rand Capital Co. (NASDAQ:RAND) 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) 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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.29 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.16 annualized dividend and a dividend yield of 7.07%. Rand Capital’s payout ratio is 27.68%.

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.