Prospector Capital Corp. (NASDAQ:PRSR) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 7,300 shares, a decrease of 92.5% from the December 15th total of 97,300 shares. Based on an average daily trading volume, of 38,800 shares, the days-to-cover ratio is currently 0.2 days.
A number of institutional investors have recently added to or reduced their stakes in the business. Two Sigma Securities LLC purchased a new stake in shares of Prospector Capital in the 3rd quarter worth $102,000. OLD Mission Capital LLC bought a new stake in shares of Prospector Capital in the second quarter valued at about $135,000. Basso Capital Management L.P. purchased a new stake in Prospector Capital in the second quarter worth about $178,000. Magnetar Financial LLC grew its holdings in Prospector Capital by 93.5% during the 3rd quarter. Magnetar Financial LLC now owns 21,352 shares of the company’s stock worth $208,000 after acquiring an additional 10,320 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Prospector Capital by 64.5% during the 2nd quarter. Geode Capital Management LLC now owns 28,382 shares of the company’s stock valued at $275,000 after purchasing an additional 11,124 shares during the period. 61.49% of the stock is owned by institutional investors.
Shares of NASDAQ PRSR opened at $9.75 on Friday. Prospector Capital has a fifty-two week low of $9.52 and a fifty-two week high of $12.00. The business’s 50 day moving average price is $9.75 and its 200-day moving average price is $9.72.
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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