Peering Into Prospect Capital's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Prospect Capital (NYSE:PSEC) has seen a 7.65% increase in its short percent of float, now at 7.74% of all regular shares available for trading. This is higher than the peer group average of 2.95%. It would take traders 12.53 days to cover their short positions on average.
May 24, 2024 | 1:00 pm
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Prospect Capital's short percent of float has increased by 7.65%, now at 7.74%, which is significantly higher than its peers. This indicates a bearish sentiment among investors.
The increase in short interest suggests that investors are bearish on Prospect Capital, which could lead to downward pressure on the stock price in the short term. The high days-to-cover ratio of 12.53 days further indicates potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100