Looking Into Prospect Capital's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Prospect Capital's (NYSE:PSEC) short percent of float has risen 32.26% since its last report, with 10.78 million shares sold short, representing 3.69% of all regular shares available for trading. This is higher than the peer group average of 3.32%. Short interest can act as an indicator of market sentiment towards a stock.
August 29, 2023 | 3:15 pm
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Prospect Capital's short interest has risen significantly, indicating a bearish market sentiment. However, this does not necessarily mean the stock will fall in the near term.
Short interest is the number of shares sold short but not yet covered. A rise in short interest can indicate a bearish sentiment towards the stock, as traders are hoping for the price to fall. However, this does not guarantee a fall in the stock price, as other market factors can influence the price movement.
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