Rand Capital Co. (NASDAQ:RAND) Short Interest Up 92.3% in December

Rand Capital Co. (NASDAQ:RAND) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 10,000 shares, an increase of 92.3% from the November 30th total of 5,200 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,100 shares, the short-interest ratio is currently 2.0 days.

Rand Capital Price Performance

Shares of NASDAQ RAND traded up $0.15 during mid-day trading on Friday, hitting $18.15. 2,285 shares of the company’s stock traded hands, compared to its average volume of 3,301. The company has a debt-to-equity ratio of 0.06, a current ratio of 15.99 and a quick ratio of 15.99. Rand Capital has a 1 year low of $12.81 and a 1 year high of $24.10. The company’s 50-day moving average is $17.32 and its two-hundred day moving average is $17.04. The company has a market capitalization of $46.83 million, a P/E ratio of 3.64 and a beta of 0.52.

Rand Capital Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, January 24th. Shareholders of record on Monday, December 16th will be paid a dividend of $4.20 per share. The ex-dividend date of this dividend is Monday, December 16th. Rand Capital’s payout ratio is 337.35%.

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.