Peering Into Prospect Capital's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Prospect Capital's (NYSE:PSEC) short interest has increased to 23.36 million shares, or 7.67% of float, indicating a rise of 6.23% since the last report. This level of short interest suggests a bearish market sentiment towards PSEC, with a short interest ratio of 10.56 days. Compared to its peers, PSEC has a higher short interest percentage of float, with the average being 2.81%.
May 06, 2024 | 6:15 pm
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Prospect Capital's short interest has significantly increased, indicating a bearish sentiment among investors. This could lead to increased volatility in the short term.
The increase in short interest for PSEC suggests that investors are more bearish on the stock, potentially leading to higher volatility as short sellers and buyers interact. The comparison with peers indicates that PSEC is under more scrutiny or negative sentiment than similar companies, which could pressure the stock price in the short term.
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IMPORTANCE 75
RELEVANCE 100