Short Interest in Great Elm Capital Corp. (NASDAQ:GECC) Decreases By 34.7%

Great Elm Capital Corp. (NASDAQ:GECC) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 29,900 shares, a decline of 34.7% from the November 30th total of 45,800 shares. Based on an average trading volume of 18,100 shares, the short-interest ratio is presently 1.7 days. Currently, 0.4% of the shares of the company are sold short.

Great Elm Capital Price Performance

Shares of Great Elm Capital stock opened at $10.56 on Monday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.83. Great Elm Capital has a twelve month low of $9.55 and a twelve month high of $11.31. The business has a 50-day moving average price of $10.20 and a 200 day moving average price of $10.25. The firm has a market cap of $110.35 million, a PE ratio of 15.30 and a beta of 1.61.

Great Elm Capital Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 31st. Great Elm Capital’s dividend payout ratio (DPR) is presently 202.90%.

Institutional Trading of Great Elm Capital

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

Great Elm Capital Company Profile

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.