Pearl Diver Credit Company Inc. (NYSE:PDCC) Short Interest Up 75.7% in May

Pearl Diver Credit Company Inc. (NYSE:PDCC) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 14,213 shares, a growth of 75.7% from the April 30th total of 8,091 shares. Based on an average trading volume of 10,062 shares, the short-interest ratio is presently 1.4 days. Approximately 0.2% of the company’s shares are short sold.

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

Pearl Diver Credit Price Performance

Shares of Pearl Diver Credit stock traded up $0.06 during trading hours on Tuesday, hitting $10.06. The company’s stock had a trading volume of 14,605 shares, compared to its average volume of 13,047. Pearl Diver Credit has a 1-year low of $9.50 and a 1-year high of $18.40. The business has a fifty day moving average of $10.57 and a 200 day moving average of $12.62.

Pearl Diver Credit Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a dividend of $0.13 per share. This represents a c) dividend on an annualized basis and a yield of 15.5%. The ex-dividend date of this dividend is Monday, August 17th.

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.