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

Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 1,600 shares, a growth of 77.8% from the June 15th total of 900 shares. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is presently 0.6 days.

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

GECCZ traded down $0.04 during trading on Friday, reaching $25.21. The stock had a trading volume of 1,836 shares, compared to its average volume of 5,639. Great Elm Capital Corp. 8.75% Notes due 2028 has a 1-year low of $24.40 and a 1-year high of $26.00. The stock has a 50 day moving average of $25.31 and a two-hundred day moving average of $25.25.

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

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 30th. Stockholders of record on Saturday, June 15th were given a dividend of $0.5469 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.68%. The ex-dividend date was Friday, June 14th. This is an increase 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”).