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

Great Elm Capital Corp. 5.875% Notes due 2026 (NASDAQ:GECCO) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 19 shares, a decline of 71.2% from the April 30th total of 66 shares. Based on an average daily trading volume, of 325 shares, the days-to-cover ratio is presently 0.1 days.

Great Elm Capital Corp. 5.875% Notes due 2026 Price Performance

Shares of Great Elm Capital Corp. 5.875% Notes due 2026 stock remained flat at $25.25 during trading on Friday. Great Elm Capital Corp. 5.875% Notes due 2026 has a 1 year low of $24.89 and a 1 year high of $27.19. The company’s 50-day simple moving average is $25.13 and its 200 day simple moving average is $25.14.

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. Investors of record on Sunday, March 15th were given a $0.3631 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.45 annualized dividend and a dividend yield of 5.8%.

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.