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

Rand Capital Co. (NASDAQ:RAND) was the target 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. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,600 shares, the days-to-cover ratio is presently 1.2 days.

Rand Capital Price Performance

Shares of RAND stock traded up $0.04 during trading hours on Wednesday, hitting $21.26. 7,597 shares of the company’s stock were exchanged, compared to its average volume of 13,552. The firm has a 50 day moving average of $18.11 and a two-hundred day moving average of $17.35. Rand Capital has a fifty-two week low of $12.92 and a fifty-two week high of $24.10. The firm has a market cap of $54.85 million, a P/E ratio of 4.27 and a beta of 0.44. The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.06.

Rand Capital Announces Dividend

The business 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 of this dividend is Monday, December 16th. Rand Capital’s dividend payout ratio (DPR) 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.