SLR Investment Corp. (NASDAQ:SLRC – Get Rating) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 459,400 shares, a drop of 26.7% from the November 30th total of 627,100 shares. Based on an average daily trading volume, of 245,000 shares, the short-interest ratio is presently 1.9 days.
Wall Street Analyst Weigh In
A number of research firms have weighed in on SLRC. Compass Point upgraded shares of SLR Investment from a “neutral” rating to a “buy” rating and set a $15.75 price objective on the stock in a research report on Wednesday, November 9th. Wells Fargo & Company cut their price objective on shares of SLR Investment from $12.00 to $11.50 and set an “underweight” rating on the stock in a research report on Friday, November 4th. Hovde Group cut their price objective on shares of SLR…
