MSP Recovery, Inc. (NASDAQ:MSPRZ – Get Rating) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 26,100 shares, a growth of 76.4% from the November 30th total of 14,800 shares. Based on an average trading volume of 11,400 shares, the short-interest ratio is presently 2.3 days.
Hedge Funds Weigh In On MSP Recovery
Institutional investors and hedge funds have recently bought and sold shares of the company. Echo Street Capital Management LLC purchased a new stake in MSP Recovery during the second quarter valued at about $396,000. Jane Street Group LLC purchased a new position in shares of MSP Recovery during the second quarter valued at approximately $193,000. Nomura Holdings Inc. purchased a new position in shares of MSP Recovery during the second quarter valued at approximately $61,000. Finally, Pin Oak Investment Advisors Inc. purchased a new position in MSP Recovery in the 2nd quarter worth approximately $42,000.
Get MSP Recovery alerts:MSP Recovery Stock Performance
Shares of NASDAQ:MSPRZ opened at $1.50 on Friday. The company has a 50-day simple moving average of $1.18. MSP Recovery has a 1 year low of $0.26 and a 1 year high of $3.00.
About MSP Recovery
(Get Rating)MSP Recovery, Inc provides compliance solutions for the healthcare industry in the United States. The company offers Medicare, Medicaid, commercial, and secondary payer reimbursement recovery services. Its data analytics platform identifies and uncovers historical waste and helps to support the long-term sustainability of Medicare and Medicaid programs, as well as recovers monies owed to hospitals, health insurance companies, and medical providers.
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