Short Interest in Great Elm Capital Corp. (NASDAQ:GECC) Increases By 8.0%

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

Institutional Trading of Great Elm Capital

A hedge fund recently bought a new stake in Great Elm Capital stock. Crestwood Advisors Group LLC purchased a new position in shares of Great Elm Capital Corp. (NASDAQ:GECC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,518 shares of the financial services provider’s stock, valued at approximately $127,000. Crestwood Advisors Group LLC owned 0.13% of Great Elm Capital as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 38.75% of the company’s stock.

Great Elm Capital Price Performance

Shares of NASDAQ GECC opened at $10.68 on Tuesday. The firm has a market cap of $123.25 million, a PE ratio of 15.48 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 1-year low of $9.55 and a 1-year high of $11.31. The company has a fifty day moving average price of $10.49 and a 200 day moving average price of $10.31.

Great Elm Capital Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Stockholders 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 dividend payout ratio is presently 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.