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

Key Points

• Short interest in Pearl Diver Credit (NYSE:PDCC) fell 22.2% in April to 7,357 shares, equal to about 0.1% of shares and a short-interest ratio of 0.6 days based on average daily volume.
• Kingswood Wealth Advisors LLC increased its Q4 stake by 0.9% to 89,484 shares (about 1.32% ownership), adding 799 shares for a position valued at approximately $1.247 million.
• PDCC opened at $10.03, trading near its 1-year low of $9.50 (1-year high $18.40), with a 50-day moving average of $10.91 and a 200-day moving average of $13.51.

Pearl Diver Credit Company Inc. (NYSE:PDCC - ) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 7,357 shares, a decline of 22.2% from the March 31st total of 9,456 shares. Based on an average daily volume of 11,474 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of Pearl Diver Credit

An institutional investor recently raised its position in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC increased its stake in Pearl Diver Credit Company Inc. (NYSE:PDCC - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,484 shares of the company's stock after purchasing an additional 799 shares during the period. Kingswood Wealth Advisors LLC owned 1.32% of Pearl Diver Credit worth $1,247,000 at the end of the most recent reporting period.

Pearl Diver Credit Stock Performance

Pearl Diver Credit stock opened at $10.03 on Wednesday. Pearl Diver Credit has a 1 year low of $9.50 and a 1 year high of $18.40. The firm's 50-day moving average is $10.91 and its 200-day moving average is $13.51.

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.

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