Short Interest in Pearl Diver Credit Company Inc. (NYSE:PDCC) Grows By 178.0%

Pearl Diver Credit Company Inc. (NYSE:PDCCGet Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 7,066 shares, an increase of 178.0% from the June 15th total of 2,542 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,458 shares, the days-to-cover ratio is presently 1.1 days.

Pearl Diver Credit Price Performance

Shares of NYSE PDCC traded up $0.04 during trading on Monday, hitting $9.52. The company had a trading volume of 1,723 shares, compared to its average volume of 8,045. Pearl Diver Credit has a 52 week low of $9.25 and a 52 week high of $18.40. The business’s 50-day moving average is $10.21 and its 200 day moving average is $11.48.

Pearl Diver Credit Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a $0.13 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 16.4%. The ex-dividend date is Monday, August 17th.

Institutional Investors Weigh In On Pearl Diver Credit

An institutional investor recently raised its stake in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC lifted its stake in Pearl Diver Credit Company Inc. (NYSE:PDCCFree Report) by 0.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 89,484 shares of the company’s stock after purchasing an additional 799 shares during the quarter. Kingswood Wealth Advisors LLC owned 1.32% of Pearl Diver Credit worth $1,247,000 as of its most recent filing with the Securities & Exchange Commission.

About Pearl Diver Credit

(Get Free Report)

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.

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