Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Shares Shorted: Short Interest Down 83.3% in September

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 111 shares, a drop of 83.3% from the August 31st total of 665 shares. Based on an average trading volume of 1,849 shares, the days-to-cover ratio is presently 0.1 days.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Trading Up 0.1%

GECCI traded up $0.02 during trading on Friday, reaching $25.02. The company had a trading volume of 718 shares, compared to its average volume of 2,870. The firm’s 50-day simple moving average is $25.28 and its 200 day simple moving average is $25.29. Great Elm Capital Corp. 8.50% NOTES DUE 2029 has a 12-month low of $24.95 and a 12-month high of $27.35.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.5312 dividend. The ex-dividend date is Tuesday, September 15th. This is a positive change from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.5253. This represents a $2.12 annualized dividend and a dividend yield of 8.5%.

Great Elm Capital Corp is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm focuses on providing customized debt financing solutions to privately held, lower-middle market companies across North America. Its investment strategy emphasizes senior secured loans and structured credit instruments designed to meet the unique capital needs of growing businesses.

The 8.50% Notes due 2029 form an integral part of Great Elm Capital’s capital structure, offering long-term funding that supports its portfolio of credit investments.