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

Great Elm Capital Corp. (NASDAQ:GECC) was the recipient of a significant growth in short interest during the month of 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 company’s shares are short sold. Based on an average daily volume of 20,500 shares, the short-interest ratio is presently 1.6 days.

Great Elm Capital Trading Down 0.7 %

NASDAQ:GECC traded down $0.07 during trading hours on Friday, reaching $10.69. 10,347 shares of the company were exchanged, compared to its average volume of 31,652. Great Elm Capital has a 52-week low of $9.55 and a 52-week high of $11.31. The stock has a 50 day simple moving average of $10.36 and a 200 day simple moving average of $10.28. The firm has a market cap of $123.36 million, a price-to-earnings ratio of 15.49 and a beta of 1.57. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.11 and a quick ratio of 0.11.

Great Elm Capital Cuts Dividend

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

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 Great Elm Capital Corp. (NASDAQ:GECC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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 at the end of the most recent reporting period. 38.75% of the stock is owned by hedge funds and other institutional investors.

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.