Pearl Diver Credit Company Inc. (NYSE:PDCC) Sees Significant Drop in Short Interest

Pearl Diver Credit Company Inc. (NYSE:PDCC) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 1,987 shares, a decrease of 56.5% from the February 12th total of 4,567 shares. Based on an average daily volume of 5,273 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 5,273 shares, the short-interest ratio is currently 0.4 days.

Pearl Diver Credit Trading Down 4.3%

Pearl Diver Credit stock traded down $0.47 during mid-day trading on Thursday, hitting $10.48. The company’s stock had a trading volume of 8,972 shares, compared to its average volume of 5,410. Pearl Diver Credit has a twelve month low of $10.13 and a twelve month high of $20.16. The stock’s fifty day moving average price is $13.14 and its two-hundred day moving average price is $15.08.

Pearl Diver Credit Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.22 per share. This represents a c) annualized dividend and a dividend yield of 25.2%. The ex-dividend date of this dividend is Friday, May 15th.

Hedge Funds Weigh In On Pearl Diver Credit

A hedge fund recently raised its stake in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC boosted its stake in shares of Pearl Diver Credit Company Inc. (NYSE:PDCC) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,484 shares of the company’s stock after buying an additional 799 shares during the period. 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.

About Pearl Diver Credit

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.