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

Rand Capital Co. (NASDAQ:RAND) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 7,800 shares, a decline of 22.0% from the December 15th total of 10,000 shares. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.3% of the shares of the stock are sold short.

Rand Capital Price Performance

NASDAQ RAND traded up $0.04 during mid-day trading on Wednesday, hitting $21.26. The stock had a trading volume of 7,597 shares, compared to its average volume of 13,552. The firm’s 50 day moving average is $18.11 and its 200 day moving average is $17.35. The company has a debt-to-equity ratio of 0.06, a current ratio of 15.99 and a quick ratio of 15.99. The stock has a market capitalization of $54.85 million, a price-to-earnings ratio of 4.27 and a beta of 0.44. Rand Capital has a twelve month low of $12.92 and a twelve month high of $24.10.

Rand Capital Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 24th. Stockholders of record on Monday, December 16th will be given a $4.20 dividend. The ex-dividend date is Monday, December 16th. Rand Capital’s dividend payout ratio (DPR) is 337.35%.

Rand Capital Company Profile

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.