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

Pearl Diver Credit Company Inc. (NYSE:PDCC) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 7,066 shares, a growth of 178.0% from the June 15th total of 2,542 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 6,458 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On Pearl Diver Credit

An institutional investor recently raised its stake in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC increased its holdings in Pearl Diver Credit Company Inc. (NYSE:PDCC) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,484 shares of the company’s stock after buying an additional 799 shares during the quarter. Kingswood Wealth Advisors LLC owned about 1.32% of Pearl Diver Credit worth $1,247,000 at the end of the most recent reporting period.

Pearl Diver Credit Stock Up 0.2%

Shares of PDCC stock traded up $0.02 during trading hours on Wednesday, reaching $9.60. The stock had a trading volume of 1,569 shares, compared to its average volume of 8,002. The firm has a 50-day simple moving average of $10.18 and a 200-day simple moving average of $11.42. Pearl Diver Credit has a twelve month low of $9.25 and a twelve month high of $18.40.

Pearl Diver Credit Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a $0.13 dividend. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a yield of 16.3%.

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.