Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Up 8.0% in December

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

Institutional Investors Weigh In On 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 shares of Great Elm Capital Corp. (NASDAQ:GECC) during the 3rd quarter, according to the company in its most recent Form 13F 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 38.75% of the company’s stock.

Great Elm Capital Stock Performance

GECC opened at $10.69 on Tuesday. The business’s 50 day moving average is $10.37 and its 200-day moving average is $10.27. The stock has a market cap of $123.36 million, a PE ratio of 15.49 and a beta of 1.57. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 1.83. Great Elm Capital has a twelve month low of $9.55 and a twelve month high of $11.31.

Great Elm Capital Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, December 31st. Great Elm Capital’s payout ratio is 202.90%.

About Great Elm Capital

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.