Prospector Capital Corp. (NASDAQ:PRSR) Short Interest Update

Prospector Capital Corp. (NASDAQ:PRSRGet Rating) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 15,400 shares, a decrease of 22.6% from the March 31st total of 19,900 shares. Based on an average daily trading volume, of 67,300 shares, the short-interest ratio is presently 0.2 days.

A number of institutional investors and hedge funds have recently modified their holdings of PRSR. Marshall Wace LLP boosted its holdings in Prospector Capital by 244.5% in the third quarter. Marshall Wace LLP now owns 1,218,565 shares of the company’s stock valued at $11,893,000 after purchasing an additional 864,847 shares during the last quarter. Citadel Advisors LLC boosted its holdings in Prospector Capital by 135.7% in the third quarter. Citadel Advisors LLC now owns 1,198,914 shares of the company’s stock valued at $11,702,000 after purchasing an additional 690,269 shares during the last quarter. Beryl Capital Management LLC purchased a new position in Prospector Capital in the third quarter valued at about $4,054,000. D. E. Shaw & Co. Inc. boosted its holdings in Prospector Capital by 52.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,143,896 shares of the company’s stock valued at $11,142,000 after purchasing an additional 391,470 shares during the last quarter. Finally, Cantor Fitzgerald Investment Adviser L.P. purchased a new position in Prospector Capital in the fourth quarter valued at about $3,741,000. 66.16% of the stock is owned by hedge funds and other institutional investors.

Shares of PRSR opened at $9.85 on Thursday. Prospector Capital has a one year low of $9.61 and a one year high of $9.88. The stock has a 50-day moving average price of $9.81 and a 200 day moving average price of $9.77.

About Prospector Capital (Get Rating)

Prospector Capital Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in La Jolla, California.

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