Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Update

Great Elm Capital Corp. (NASDAQ:GECC) saw a significant growth in short interest in 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. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 20,500 shares, the short-interest ratio is presently 1.6 days.

Great Elm Capital Trading Up 0.3 %

NASDAQ GECC opened at $10.68 on Tuesday. Great Elm Capital has a one year low of $9.55 and a one year high of $11.31. The firm has a 50 day simple moving average of $10.49 and a 200-day simple moving average of $10.31. The firm has a market cap of $123.25 million, a price-to-earnings ratio of 15.48 and a beta of 1.57. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.11 and a current ratio of 0.11.

Great Elm Capital Cuts Dividend

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

Hedge Funds Weigh In On Great Elm Capital

An institutional investor recently bought a new position in Great Elm Capital stock. Crestwood Advisors Group LLC purchased a new position in shares of Great Elm Capital Corp. (NASDAQ:GECC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period. 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.