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.

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