Prospect Capital Corporation (PSEC) has 33,688,535 shares of shorts outstanding as on August 15, 2016, with 22 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 33,855,905 shares. The stock has a decent trading volume of 1,529,630 shares daily. The marginal decrease in the short positions is by -0.5%, which amounts to -167,370 shares. Short positions are 10.4% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Prospect Capital Corporation (NASDAQ:PSEC): The stock opened at $8.47 on Wednesday but the bulls could not build on the opening and the stock topped out at $8.48 for the day. The stock traded down to $8.42 during the day, due to lack of any buying support eventually closed down at $8.45 with a loss of -0.12% for the day. The stock had closed at $8.46 on the previous day. The total traded volume was 1,688,649 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Prospect Capital Corp, Stark Eugene S had purchased shares worth of $7,450 in a transaction dated on May 12, 2016. A total of 1,000 shares were purchased at a price of $7.45 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Prospect Capital Corporation is a financial services company. The Company is a non-diversified closed-end investment company. The Companys investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. The Company primarily lends to and invests in middle market privately-held companies. Its investments include lending in private equity sponsored transactions; lending directly to companies not owned by private equity firms; control investments in corporate operating companies; control investments in financial companies; investments in structured credit; real estate investments; investments in syndicated debt; aircraft leasing, and online lending. The Company is managed by its investment adviser, Prospect Capital Management L.P.