Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) Short Interest Up 60.0% in March

Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 800 shares, an increase of 60.0% from the February 28th total of 500 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 0.4 days.

Great Elm Capital Corp. 8.75% Notes due 2028 Stock Up 0.2 %

Shares of NASDAQ:GECCZ traded up $0.04 during trading on Friday, hitting $25.14. 2,377 shares of the company’s stock were exchanged, compared to its average volume of 2,826. Great Elm Capital Corp. 8.75% Notes due 2028 has a 1-year low of $25.01 and a 1-year high of $25.80. The firm has a 50-day moving average price of $25.32 and a two-hundred day moving average price of $25.35.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Saturday, March 15th will be paid a $0.5469 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.19 dividend on an annualized basis and a yield of 8.70%. This is a positive change from Great Elm Capital Corp. 8.75% Notes due 2028’s previous quarterly 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”).