Great Elm Capital Corp. 5.875% Notes due 2026 (NASDAQ:GECCO) Sees Large Growth in Short Interest

Great Elm Capital Corp. 5.875% Notes due 2026 (NASDAQ:GECCO) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 66 shares, a growth of 230.0% from the April 15th total of 20 shares. Based on an average trading volume of 836 shares, the short-interest ratio is presently 0.1 days.

Great Elm Capital Corp. 5.875% Notes due 2026 Price Performance

NASDAQ:GECCO traded down $0.04 during mid-day trading on Friday, reaching $25.21. 850 shares of the company’s stock were exchanged, compared to its average volume of 1,123. Great Elm Capital Corp. 5.875% Notes due 2026 has a one year low of $24.85 and a one year high of $27.19. The business’s fifty day simple moving average is $25.11 and its two-hundred day simple moving average is $25.14.

Great Elm Capital Corp. 5.875% Notes due 2026 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Sunday, March 15th were issued a $0.3631 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.45 dividend on an annualized basis and a yield of 5.8%.

About Great Elm Capital Corp. 5.875% Notes due 2026

Great Elm Capital Corp. 5.875% Notes due 2026 (NASDAQ: GECCO) are senior unsecured notes issued by Great Elm Capital Corp., a business development company organized under the Investment Company Act of 1940. The notes carry a fixed interest rate of 5.875% per annum and mature in July 2026, with interest payable quarterly. These securities are listed on the Nasdaq Capital Market and represent a funding instrument used by the issuer to support its lending and investment activities.

Great Elm Capital Corp.