Prospect Capital Corporation (NASDAQ:PSEC), A drop of 384,451 shares or 1% was seen in the short interest of Prospect Capital Corporation. Even as the interest dropped from 36,953,730 shares on May 31,2016 to 36,569,279 shares on June 15,2016, the days to cover came in at 21. The updated interest stood at 11.3% of the stocks floats. The stock has seen an average daily volume of 1,779,911 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Prospect Capital Corporation (NASDAQ:PSEC): The stock opened at $7.57 on Friday but the bulls could not build on the opening and the stock topped out at $7.92 for the day. The stock traded down to $7.50 during the day, due to lack of any buying support eventually closed down at $7.79 with a loss of -0.89% for the day. The stock had closed at $7.86 on the previous day. The total traded volume was 3,534,338 shares.
The company shares have rallied 6.42% from its 1 Year high price. On Sep 9, 2015, the shares registered one year high at $8.09 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $7.60 and the 200 Day Moving Average price is recorded at $7.05.
Prospect Capital Corporation (NASDAQ:PSEC) has climbed 0.52% in the past week and advanced 3.04% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.18% and the outperformance has advanced to 6.16% for the last 4 weeks period.
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.