Pearl Diver Credit Company Inc. (NYSE:PDCC) Short Interest Up 73.1% in August

Pearl Diver Credit Company Inc. (NYSE:PDCC) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 6,806 shares, a growth of 73.1% from the July 30th total of 3,932 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 4,843 shares, the days-to-cover ratio is presently 1.4 days.

Pearl Diver Credit Stock Performance

PDCC stock traded down $0.15 during midday trading on Monday, hitting $8.68. 3,312 shares of the company’s stock were exchanged, compared to its average volume of 7,685. The stock’s fifty day moving average price is $9.33 and its 200-day moving average price is $10.30. Pearl Diver Credit has a one year low of $8.45 and a one year high of $17.74.

Pearl Diver Credit (NYSE:PDCC) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.11). The business had revenue of $4.16 million during the quarter, compared to the consensus estimate of $4.91 million.

Pearl Diver Credit Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be given a $0.13 dividend. The ex-dividend date is Monday, November 16th. This represents a c) annualized dividend and a dividend yield of 18.0%.

About Pearl Diver Credit

Pearl Diver Credit Company Inc is a newly organized, externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio’s total return, with a secondary objective of generating high current income. Pearl Diver Credit Company Inc is based in NEW YORK.