(NASDAQ:RAND) shares saw light trading volume with 2,011 shares changing hands by the end of trading on Tuesday. Volume was down 78.59% under the stocks average daily volume.
Traders are feeling more bullish on Rand Capital Corporation ($0.1 recently if you put credence in the downtick in short interest. The company had a fall in short interest of -15.59% as of the latest report on October 13, 2017. Short interest decreased from 23,165 to 19,553 over that timeframe. The short-interest ratio decreased to 5.0 and the percentage of shorted shares was 0.00% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (RAND). As of the end of the quarter Shufro Rose & Co LLC had acquired 6,000 shares growing its position 3.9%. The value of the investment in RAND decreased from $472,000 to $450,000 a change of $22,000 for the reporting period. Raffles Associates Lp bolstered its ownership by buying 15,000 shares an increase of 27.3% from 03/31/2017 to 06/30/2017. Raffles Associates Lp owns 70,000 shares worth $195,000. The value of the position overall is up by 16.8%.
As of quarter end Atlantic Trust Group, LLC had sold a total of 8,650 shares trimming its holdings by 3.7%. The value of the company’s investment in Rand Capital Corporation ($0.1 went from $718,000 to $635,000 decreasing 11.6% since the last quarter.
The company is trading up since yesterday’s close of $3.04. Shares of the company are trading at $3.04 just above $2.95, the 50 day moving average and a tad higher than the 200 day moving average of $2.88. The 50 day moving average was up $0.09 and the 200 day average moved up $0.16.
Rand Capital Corporation (Rand), launched on February 24, 1969, is a closed-end, diversified, management investment company. The Company makes venture capital investments in early or expansion-stage companies, typically in New York and its surrounding states. The Company provides managerial assistance to the portfolio companies in which it invests. The Company makes the majority of its investments through its subsidiary, Rand Capital SBIC, Inc. (Rand SBIC), which operates as a small business investment company (SBIC). The Company operates as an internally managed investment company. The Company invests in a mixture of debt and equity instruments. The debt securities have an equity component in the form of warrants or options to acquire stock or the right to convert the debt securities into stock..