Prospector Capital Corp. (NASDAQ:PRSR) Sees Large Growth in Short Interest

Prospector Capital Corp. (NASDAQ:PRSRGet Rating) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 15,700 shares, a growth of 115.1% from the April 30th total of 7,300 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 105,900 shares, the short-interest ratio is currently 0.1 days.

A number of institutional investors have recently bought and sold shares of the business. Integrity Capital Management HK Ltd acquired a new stake in shares of Prospector Capital during the first quarter valued at approximately $47,000. Royal Bank of Canada boosted its holdings in shares of Prospector Capital by 47.6% during the 1st quarter. Royal Bank of Canada now owns 5,037 shares of the company’s stock worth $50,000 after buying an additional 1,625 shares during the period. BCK Capital Management LP bought a new stake in Prospector Capital in the 4th quarter valued at $99,000. Two Sigma Securities LLC bought a new stake in Prospector Capital in the 3rd quarter valued at $102,000. Finally, Verition Fund Management LLC acquired a new position in shares of Prospector Capital in the 1st quarter valued at $114,000. 66.16% of the stock is owned by hedge funds and other institutional investors.

Shares of PRSR remained flat at $$9.82 during midday trading on Friday. 2,809 shares of the stock traded hands, compared to its average volume of 82,285. The firm has a 50 day moving average price of $9.82 and a 200 day moving average price of $9.78. Prospector Capital has a one year low of $9.61 and a one year high of $9.87.

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.

Read More

Receive News & Ratings for Prospector Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prospector Capital and related companies with's FREE daily email newsletter.