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

Pearl Diver Credit Company Inc. (NYSE:PDCC) saw a large growth in short interest during 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 sold short. Based on an average trading volume of 4,843 shares, the short-interest ratio is currently 1.4 days.

Pearl Diver Credit Price Performance

Shares of Pearl Diver Credit stock opened at $8.85 on Wednesday. Pearl Diver Credit has a fifty-two week low of $8.45 and a fifty-two week high of $17.74. The business’s fifty day moving average is $9.28 and its two-hundred day moving average is $10.23.

Pearl Diver Credit (NYSE:PDCC) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.11). The firm had revenue of $4.16 million during the quarter, compared to analyst estimates of $4.91 million.

Pearl Diver Credit Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a $0.13 dividend. This represents a c) dividend on an annualized basis and a yield of 17.6%. The ex-dividend date of this dividend is Monday, November 16th.

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.