Short Interest in Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) Expands By 60.0%

Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 800 shares, an increase of 60.0% from the February 28th total of 500 shares. Based on an average daily volume of 2,000 shares, the short-interest ratio is currently 0.4 days.

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

NASDAQ GECCZ traded up $0.04 on Monday, hitting $25.14. 2,377 shares of the stock traded hands, compared to its average volume of 2,813. Great Elm Capital Corp. 8.75% Notes due 2028 has a 12 month low of $25.01 and a 12 month high of $25.80. The business’s fifty day moving average is $25.32 and its two-hundred day moving average is $25.35.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Saturday, March 15th will be given a $0.5469 dividend. This is an increase from Great Elm Capital Corp. 8.75% Notes due 2028’s previous quarterly dividend of $0.54. The ex-dividend date is Friday, March 14th. This represents a $2.19 dividend on an annualized basis and a yield of 8.70%.

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”).