Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) Short Interest Up 50.0% in December

Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 900 shares, a growth of 50.0% from the December 15th total of 600 shares. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is presently 0.7 days.

Great Elm Capital Corp. 8.75% Notes due 2028 Stock Down 0.1 %

Shares of GECCZ stock traded down $0.03 during trading on Friday, hitting $25.16. The company had a trading volume of 3,967 shares, compared to its average volume of 2,258. The stock’s 50-day moving average is $25.36 and its two-hundred day moving average is $25.38. Great Elm Capital Corp. 8.75% Notes due 2028 has a 52 week low of $24.99 and a 52 week high of $25.80.

Great Elm Capital Corp. 8.75% Notes due 2028 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th were issued a $0.5469 dividend. This is a positive change from Great Elm Capital Corp. 8.75% Notes due 2028’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.69%.

About Great Elm Capital Corp. 8.75% Notes due 2028

great elm capital corp. (nasdaq: gecc, “gecc”) is an externally managed, specialty finance company focused on investing in the debt instruments of middle market companies. gecc has elected to be regulated as a business development company (“bdc”) under the investment company act of 1940, as amended. gecc is managed by great elm capital management (“gecm”).