Looking Into Prospect Capital's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Prospect Capital (NYSE:PSEC) has seen a 25.65% increase in its short percent of float since the last report, with 22.51 million shares sold short, representing 7.79% of its available trading shares. This indicates a bearish market sentiment, although it's not a definitive predictor of a price drop. Compared to its peers, PSEC has a significantly higher short interest, suggesting more bearish sentiment towards it than its peers.
March 14, 2024 | 1:45 pm
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Prospect Capital has experienced a significant increase in short interest, indicating a bearish sentiment among investors.
The increase in short interest for Prospect Capital suggests that investors are becoming more bearish on the stock. This could lead to increased volatility and potentially lower prices in the short term as traders might expect the stock to decline. However, high short interest can also lead to short squeezes if the stock moves positively, causing rapid price increases.
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