Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) Sees Significant Growth in Short Interest

Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 3,200 shares, an increase of 433.3% from the August 31st total of 600 shares. Based on an average trading volume of 3,400 shares, the days-to-cover ratio is currently 0.9 days.

Great Elm Capital Corp. 8.75% Notes due 2028 Price Performance

NASDAQ:GECCZ traded down $0.14 on Thursday, reaching $25.28. 3,412 shares of the company’s stock were exchanged, compared to its average volume of 5,069. The stock has a fifty day simple moving average of $25.42 and a 200-day simple moving average of $25.31. Great Elm Capital Corp. 8.75% Notes due 2028 has a 52 week low of $24.40 and a 52 week high of $26.00.

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

The business also recently declared a dividend, which will be paid on Monday, September 30th. Stockholders of record on Sunday, September 15th will be given a dividend of $0.5469 per share. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from Great Elm Capital Corp. 8.75% Notes due 2028’s previous dividend of $0.54.

Great Elm Capital Corp. 8.75% Notes due 2028 Company Profile

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”).