Short Interest in Rand Capital Co. (NASDAQ:RAND) Decreases By 22.0%

Rand Capital Co. (NASDAQ:RAND) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 7,800 shares, a drop of 22.0% from the December 15th total of 10,000 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 6,600 shares, the short-interest ratio is currently 1.2 days.

Rand Capital Stock Performance

RAND traded up $0.25 during midday trading on Friday, hitting $21.68. The company had a trading volume of 15,411 shares, compared to its average volume of 13,156. Rand Capital has a 52 week low of $12.92 and a 52 week high of $24.10. The stock’s 50 day moving average price is $18.30 and its 200 day moving average price is $17.41. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.06.

Rand Capital Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, January 24th. Stockholders of record on Monday, December 16th will be issued a $4.20 dividend. The ex-dividend date of this dividend is Monday, December 16th. Rand Capital’s dividend payout ratio is currently 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.