Pearl Diver Credit Company Inc. (NYSE:PDCC) Short Interest Update

Pearl Diver Credit Company Inc. (NYSE:PDCC) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 6,806 shares, an increase of 73.1% from the July 30th total of 3,932 shares. Based on an average 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 Trading Down 1.3%

Shares of PDCC traded down $0.12 during mid-day trading on Tuesday, reaching $8.68. 2,075 shares of the stock traded hands, compared to its average volume of 7,665. The stock has a fifty day simple moving average of $9.31 and a 200 day simple moving average of $10.26. Pearl Diver Credit has a 12-month low of $8.45 and a 12-month high of $17.74.

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

Pearl Diver Credit Announces Dividend

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

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.