Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Update

Great Elm Capital Corp. (NASDAQ:GECC) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 32,300 shares, a growth of 8.0% from the December 15th total of 29,900 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,500 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On Great Elm Capital

A hedge fund recently bought a new stake in Great Elm Capital stock. Crestwood Advisors Group LLC acquired a new stake in shares of Great Elm Capital Corp. (NASDAQ:GECC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,518 shares of the financial services provider’s stock, valued at approximately $127,000. Crestwood Advisors Group LLC owned 0.13% of Great Elm Capital as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 38.75% of the company’s stock.

Great Elm Capital Price Performance

Shares of NASDAQ GECC traded down $0.07 during trading on Friday, reaching $10.69. The company had a trading volume of 10,347 shares, compared to its average volume of 31,652. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $123.36 million, a PE ratio of 15.49 and a beta of 1.57. Great Elm Capital has a twelve month low of $9.55 and a twelve month high of $11.31. The stock has a 50-day moving average price of $10.36 and a two-hundred day moving average price of $10.28.

Great Elm Capital Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.05 dividend. The ex-dividend date was Tuesday, December 31st. Great Elm Capital’s dividend payout ratio (DPR) is 202.90%.

About Great Elm Capital

Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.