Rand Capital Co. (NASDAQ:RAND) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 27,000 shares, a drop of 5.3% from the May 15th total of 28,500 shares. Based on an average daily volume of 5,900 shares, the days-to-cover ratio is presently 4.6 days. Currently, 0.7% of the shares of the stock are sold short.
NASDAQ RAND traded up $0.03 during trading hours on Friday, hitting $2.65. The company had a trading volume of 709 shares, compared to its average volume of 2,743. The company’s 50 day moving average is $2.67. Rand Capital has a 52 week low of $2.05 and a 52 week high of $3.60. The company has a market capitalization of $16.75 million, a price-to-earnings ratio of 265.00 and a beta of 0.03. The company has a debt-to-equity ratio of 0.34, a current ratio of 273.68 and a quick ratio of 273.68.
Rand Capital (NASDAQ:RAND) last released its quarterly earnings results on Thursday, May 2nd. The asset manager reported $0.13 earnings per share for the quarter. The firm had revenue of $0.72 million for the quarter. Rand Capital had a return on equity of 0.41% and a net margin of 23.63%.
Rand Capital Corporation is a business development company specializing in venture capital and private equity investments. The firm prefers to make investments through equity or debt instruments in early venture, expansion stage, and in small to medium-sized privately held companies. It generally lends to more mature companies.
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