Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Up 8.0% in December

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

Great Elm Capital Trading Down 0.7 %

Great Elm Capital stock opened at $10.69 on Tuesday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $123.36 million, a price-to-earnings ratio of 15.49 and a beta of 1.57. Great Elm Capital has a 1 year low of $9.55 and a 1 year high of $11.31. The firm’s 50 day moving average price is $10.37 and its two-hundred day moving average price is $10.27.

Great Elm Capital Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.05 dividend. The ex-dividend date was Tuesday, December 31st. Great Elm Capital’s dividend payout ratio (DPR) is 202.90%.

Hedge Funds Weigh In On Great Elm Capital

An institutional investor recently bought a new position in Great Elm Capital stock. Crestwood Advisors Group LLC acquired a new position in shares of Great Elm Capital Corp. (NASDAQ:GECC) during the 3rd quarter, according to its most recent filing 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors 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.