Pearl Diver Credit Company Inc. (NYSE:PDCC) Short Interest Up 22.1% in March

Pearl Diver Credit Company Inc. (NYSE:PDCC) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 9,456 shares, a growth of 22.1% from the March 15th total of 7,745 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 4,747 shares, the short-interest ratio is currently 2.0 days.

Institutional Investors Weigh In On Pearl Diver Credit

An institutional investor recently raised its position in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC raised its holdings in Pearl Diver Credit Company Inc. (NYSE:PDCC) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 quarter.

Pearl Diver Credit Stock Down 0.3%

Shares of Pearl Diver Credit stock opened at $10.72 on Friday. The business’s 50 day simple moving average is $11.30 and its two-hundred day simple moving average is $13.83. Pearl Diver Credit has a one year low of $9.50 and a one year high of $19.26.

Pearl Diver Credit Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.22 dividend. This represents a c) dividend on an annualized basis and a yield of 24.6%. The ex-dividend date of this dividend is Friday, May 15th.

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.