Prospector Capital Corp. (NASDAQ:PRSR – Get Rating) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 7,300 shares, a decrease of 52.6% from the April 15th total of 15,400 shares. Based on an average trading volume of 79,600 shares, the short-interest ratio is currently 0.1 days.
Hedge funds and other institutional investors have recently modified their holdings of the company. Integrity Capital Management HK Ltd acquired a new position in shares of Prospector Capital during the 1st quarter valued at about $47,000. BCK Capital Management LP acquired a new stake in Prospector Capital in the 4th quarter valued at approximately $99,000. Two Sigma Securities LLC bought a new position in Prospector Capital in the 3rd quarter worth approximately $102,000. Verition Fund Management LLC bought a new stake in shares of Prospector Capital in the first quarter valued at approximately $114,000. Finally, Walleye Trading LLC grew its stake in shares of Prospector Capital by 7.6% in the fourth quarter. Walleye Trading LLC now owns 17,000 shares of the company’s stock worth $166,000 after acquiring an additional 1,200 shares during the last quarter. 66.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ PRSR remained flat at $$9.80 during mid-day trading on Friday. The stock had a trading volume of 22,961 shares, compared to its average volume of 162,247. The company’s fifty day moving average is $9.82 and its two-hundred day moving average is $9.78. Prospector Capital has a fifty-two week low of $9.61 and a fifty-two week high of $9.87.
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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