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

Great Elm Capital Corp. (NASDAQ:GECC) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 32,300 shares, an increase of 8.0% from the December 31st total of 29,900 shares. Based on an average daily trading volume, of 20,500 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.4% of the company’s stock are sold short.

Great Elm Capital Stock Performance

Shares of NASDAQ:GECC opened at $10.68 on Tuesday. The company has a market cap of $123.25 million, a P/E ratio of 15.48 and a beta of 1.57. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.11 and a current ratio of 0.11. Great Elm Capital has a one year low of $9.55 and a one year high of $11.31. The business’s 50-day simple moving average is $10.49 and its 200 day simple moving average is $10.31.

Great Elm Capital Cuts Dividend

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

Institutional Investors Weigh In On Great Elm Capital

An institutional investor recently bought a new position in Great Elm Capital stock. Crestwood Advisors Group LLC bought a new stake in shares of Great Elm Capital Corp. (NASDAQ:GECC) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 12,518 shares of the financial services provider’s stock, valued at approximately $127,000. Crestwood Advisors Group LLC owned 0.13% of Great Elm Capital as of its most recent filing with the SEC. Institutional investors and hedge funds 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.