Great Elm Capital Corp. 5.875% Notes due 2026 (NASDAQ:GECCO) Sees Large Increase in Short Interest

Great Elm Capital Corp. 5.875% Notes due 2026 (NASDAQ:GECCO) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 66 shares, a growth of 230.0% from the April 15th total of 20 shares. Based on an average daily trading volume, of 836 shares, the days-to-cover ratio is presently 0.1 days.

Great Elm Capital Corp. 5.875% Notes due 2026 Trading Up 0.1%

Great Elm Capital Corp. 5.875% Notes due 2026 stock traded up $0.03 during trading on Thursday, hitting $25.19. 768 shares of the company were exchanged, compared to its average volume of 1,130. The business’s 50 day moving average is $25.11 and its 200 day moving average is $25.14. Great Elm Capital Corp. 5.875% Notes due 2026 has a 52 week low of $24.85 and a 52 week high of $27.19.

Great Elm Capital Corp. 5.875% Notes due 2026 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Sunday, March 15th were paid a $0.3631 dividend. This represents a $1.45 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Friday, March 13th.

About Great Elm Capital Corp. 5.875% Notes due 2026

Great Elm Capital Corp. 5.875% Notes due 2026 (NASDAQ: GECCO) are senior unsecured notes issued by Great Elm Capital Corp., a business development company organized under the Investment Company Act of 1940. The notes carry a fixed interest rate of 5.875% per annum and mature in July 2026, with interest payable quarterly. These securities are listed on the Nasdaq Capital Market and represent a funding instrument used by the issuer to support its lending and investment activities.

Great Elm Capital Corp.