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

Pearl Diver Credit Company Inc. (NYSE:PDCC) was the target of a significant growth in short interest in 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. Based on an average daily trading volume, of 4,843 shares, the short-interest ratio is presently 1.4 days. Approximately 0.1% of the company’s shares are short sold.

Pearl Diver Credit Price Performance

PDCC stock traded down $0.15 during midday trading on Monday, reaching $8.68. The company’s stock had a trading volume of 3,312 shares, compared to its average volume of 7,685. Pearl Diver Credit has a 52 week low of $8.45 and a 52 week high of $17.74. The business’s 50-day simple moving average is $9.33 and its 200-day simple moving average is $10.30.

Pearl Diver Credit (NYSE:PDCC) last issued its earnings results on Thursday, August 27th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.11). The business had revenue of $4.16 million for the quarter, compared to the consensus estimate of $4.91 million.

Pearl Diver Credit Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a $0.13 dividend. This represents a c) dividend on an annualized basis and a yield of 18.0%. The ex-dividend date is Monday, November 16th.

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.