Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Stock Short Interest Rises 843.7%

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 1,491 shares, a growth of 843.7% from the September 30th total of 158 shares. Based on an average daily trading volume, of 2,613 shares, the days-to-cover ratio is currently 0.6 days.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Price Performance

Shares of Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock opened at $25.15 on Thursday. The firm has a 50-day moving average of $25.16 and a 200-day moving average of $25.26. Great Elm Capital Corp. 8.50% NOTES DUE 2029 has a 52-week low of $24.95 and a 52-week high of $27.35.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.5312 per share. This is a positive change from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.5253. This represents a $2.12 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend was Tuesday, September 15th.

Great Elm Capital Corp. is a closed-end, externally managed business development company that invests primarily in the debt and equity securities of middle-market companies. Its investment activities are focused on providing financing to businesses that may require capital for growth, acquisitions, recapitalizations, refinancings or other corporate purposes.

The company’s portfolio may include senior secured loans, subordinated debt, unsecured debt and equity investments. Great Elm seeks to generate income from its investments while also pursuing potential long-term gains through equity positions.