Pearl Diver Credit Company Inc. (NYSE:PDCC) Short Interest Up 289.8% in March

Pearl Diver Credit Company Inc. (NYSE:PDCCGet Free Report) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 7,745 shares, a growth of 289.8% from the February 26th total of 1,987 shares. Based on an average daily trading volume, of 5,493 shares, the short-interest ratio is currently 1.4 days. Approximately 0.1% of the company’s shares are sold short.

Pearl Diver Credit Stock Performance

PDCC traded down $0.30 during trading on Thursday, reaching $10.02. 2,911 shares of the stock traded hands, compared to its average volume of 5,795. The stock’s 50-day moving average is $12.30 and its 200 day moving average is $14.58. Pearl Diver Credit has a 12 month low of $9.50 and a 12 month high of $20.00.

Pearl Diver Credit Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.22 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 26.3%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Investors Weigh In On Pearl Diver Credit

An institutional investor recently raised its position in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC boosted its holdings in shares of Pearl Diver Credit Company Inc. (NYSE:PDCCFree Report) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,484 shares of the company’s stock after buying an additional 799 shares during the period. Kingswood Wealth Advisors LLC owned approximately 1.32% of Pearl Diver Credit worth $1,247,000 as of its most recent SEC filing.

Pearl Diver Credit Company Profile

(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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