Prospector Capital Corp. (NASDAQ:PRSR – Get Rating) was the recipient of a large decrease in short interest in 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.
Prospector Capital stock remained flat at $$9.80 during mid-day trading on Friday. The company had a trading volume of 22,961 shares, compared to its average volume of 162,247. The stock’s 50-day moving average is $9.82 and its 200 day moving average is $9.78. Prospector Capital has a 1 year low of $9.61 and a 1 year high of $9.87.
A number of institutional investors have recently made changes to their positions in PRSR. Marshall Wace LLP lifted its stake in Prospector Capital by 244.5% in the 3rd quarter. Marshall Wace LLP now owns 1,218,565 shares of the company’s stock worth $11,893,000 after acquiring an additional 864,847 shares in the last quarter. Citadel Advisors LLC increased its position in Prospector Capital by 135.7% in the 3rd quarter. Citadel Advisors LLC now owns 1,198,914 shares of the company’s stock worth $11,702,000 after purchasing an additional 690,269 shares during the last quarter. Sculptor Capital LP increased its position in Prospector Capital by 87.2% in the 1st quarter. Sculptor Capital LP now owns 1,084,646 shares of the company’s stock worth $10,640,000 after purchasing an additional 505,160 shares during the last quarter. Context Capital Management LLC acquired a new position in Prospector Capital in the 1st quarter worth about $4,418,000. Finally, Beryl Capital Management LLC acquired a new position in Prospector Capital in the 3rd quarter worth about $4,054,000. 66.16% of the stock is owned by hedge funds and other institutional investors.
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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