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 target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,900 shares, an increase of 26.7% from the October 15th total of 1,500 shares. Based on an average trading volume of 3,000 shares, the short-interest ratio is currently 0.6 days.

Great Elm Capital Corp. 8.75% Notes due 2028 Stock Up 0.0 %

Great Elm Capital Corp. 8.75% Notes due 2028 stock traded up $0.01 during midday trading on Friday, hitting $25.51. 687 shares of the stock were exchanged, compared to its average volume of 4,612. The business’s 50-day moving average price is $25.42 and its 200-day moving average price is $25.37. Great Elm Capital Corp. 8.75% Notes due 2028 has a 52-week low of $24.50 and a 52-week high of $25.80.

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

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be given a dividend of $0.553 per share. This is a positive change from Great Elm Capital Corp. 8.75% Notes due 2028’s previous dividend of $0.55. The ex-dividend date of this dividend is Friday, December 13th.

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”).