Could Saratoga Investment Corp New (NYSE:SAR) Skyrocket? The Stock Had Too Little Sellers

The stock of Saratoga Investment Corp New (NYSE:SAR) registered a decrease of 5.76% in short interest. SAR’s total short interest was 37,600 shares in May as published by FINRA. Its down 5.76% from 39,900 shares, reported previously. With 17,900 shares average volume, it will take short sellers 2 days to cover their SAR’s short positions. The short interest to Saratoga Investment Corp New’s float is 0.8%.

The stock decreased 0.10% or $0.03 during the last trading session, reaching $25.39. About 7,388 shares traded. Saratoga Investment Corp. (NYSE:SAR) has risen 7.88% since May 8, 2018 and is uptrending. It has outperformed by 3.51% the S&P500.

Saratoga Investment Corp. is a business development firm specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. The company has market cap of $196.38 million. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity. It has a 10.55 P/E ratio. It seeks to invest in the United States.

More notable recent Saratoga Investment Corp. (NYSE:SAR) news were published by: Seekingalpha.com which released: “Saratoga: With 17 Straight Dividend Hikes, This Special BDC Yields 9% – Seeking Alpha” on April 20, 2019, also Prnewswire.com with their article: “Bristow Receives Continued Listing Standard Notice From NYSE – PRNewswire” published on May 07, 2019, Seekingalpha.com published: “A Safe 9% Yielder With 16 Straight Dividend Increases And Interest Rate Protection – Seeking Alpha” on October 17, 2018. More interesting news about Saratoga Investment Corp. (NYSE:SAR) were released by: Seekingalpha.com and their article: “Saratoga Investment Corp.: This 6.25% Baby Bond Has Begun Trading On The NYSE – Seeking Alpha” published on August 31, 2018 as well as Globenewswire.com‘s news article titled: “Saratoga Investment Corp. Prices Public Offering of $17.325 Million of Additional 6.25% Notes Due 2025 – GlobeNewswire” with publication date: February 01, 2019.

Saratoga Investment Corp. (NYSE:SAR) Institutional Positions Chart

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