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) was the target of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 500 shares, a drop of 28.6% from the May 15th total of 700 shares. Based on an average trading volume of 1,700 shares, the days-to-cover ratio is presently 0.3 days.

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

GECCZ stock opened at $25.07 on Tuesday. The company’s 50-day moving average price is $25.27 and its two-hundred day moving average price is $25.28. Great Elm Capital Corp. 8.75% Notes due 2028 has a 12 month low of $24.90 and a 12 month high of $25.80.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Sunday, June 15th will be paid a $0.5408 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 8.63%.

Great Elm Capital Corp. 8.75% Notes due 2028 Company Profile

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”).