Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) Sees Large Increase in Short Interest

Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 900 shares, an increase of 80.0% from the May 31st total of 500 shares. Based on an average daily trading volume, of 2,800 shares, the short-interest ratio is presently 0.3 days.

Great Elm Capital Corp. 8.75% Notes due 2028 Stock Performance

Shares of GECCZ traded up $0.02 during trading hours on Friday, hitting $25.11. 4,483 shares of the company were exchanged, compared to its average volume of 5,730. The firm’s 50 day moving average is $25.30 and its 200-day moving average is $25.24. Great Elm Capital Corp. 8.75% Notes due 2028 has a 52 week low of $24.40 and a 52 week high of $26.00.

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

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Saturday, June 15th will be given a dividend of $0.5469 per share. The ex-dividend date is Friday, June 14th. This represents a $2.19 dividend on an annualized basis and a yield of 8.71%. This is a boost from Great Elm Capital Corp. 8.75% Notes due 2028’s previous quarterly dividend of $0.54.

About Great Elm Capital Corp. 8.75% Notes due 2028

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”).