Pearl Diver Credit Company Inc. (NYSE:PDCC – Get 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
Pearl Diver Credit Company Profile
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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