Great Elm Capital Corp. (NASDAQ:GECC) Sees Large Growth in Short Interest

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

Great Elm Capital Stock Down 0.7 %

Shares of Great Elm Capital stock traded down $0.07 on Monday, hitting $10.69. The company had a trading volume of 10,347 shares, compared to its average volume of 31,652. The firm has a market capitalization of $123.36 million, a P/E ratio of 15.49 and a beta of 1.57. Great Elm Capital has a twelve month low of $9.55 and a twelve month high of $11.31. The stock has a 50-day moving average of $10.36 and a 200-day moving average of $10.27. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.11 and a quick ratio of 0.11.

Great Elm Capital Cuts Dividend

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

Institutional Trading of Great Elm Capital

A hedge fund recently bought a new stake in Great Elm Capital stock. Crestwood Advisors Group LLC bought a new position in Great Elm Capital Corp. (NASDAQ:GECC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 (SEC). 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.