Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) Short Interest Update

Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 500 shares, a drop of 16.7% from the February 13th total of 600 shares. Based on an average trading volume of 2,000 shares, the short-interest ratio is presently 0.3 days.

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

Shares of NASDAQ:GECCZ traded down $0.03 during midday trading on Wednesday, reaching $25.07. 1,257 shares of the company’s stock were exchanged, compared to its average volume of 2,866. 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 company’s 50 day simple moving average is $25.33 and its two-hundred day simple moving average is $25.38.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Saturday, March 15th will be issued a dividend of $0.5469 per share. This is an increase from Great Elm Capital Corp. 8.75% Notes due 2028’s previous quarterly dividend of $0.54. This represents a $2.19 annualized dividend and a yield of 8.73%. The ex-dividend date is Friday, March 14th.

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”).