Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Stock Short Interest Drops 83.3%

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 111 shares, a decline of 83.3% from the August 31st total of 665 shares. Based on an average daily volume of 1,849 shares, the days-to-cover ratio is currently 0.1 days.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Trading Up 0.1%

GECCI stock traded up $0.03 during midday trading on Friday, hitting $25.02. 4,050 shares of the company traded hands, compared to its average volume of 2,879. Great Elm Capital Corp. 8.50% NOTES DUE 2029 has a twelve month low of $24.95 and a twelve month high of $27.35. The business has a 50 day simple moving average of $25.28 and a 200-day simple moving average of $25.29.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.5312 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Tuesday, September 15th. This is a boost from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.5253.

Great Elm Capital Corp is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm focuses on providing customized debt financing solutions to privately held, lower-middle market companies across North America. Its investment strategy emphasizes senior secured loans and structured credit instruments designed to meet the unique capital needs of growing businesses.

The 8.50% Notes due 2029 form an integral part of Great Elm Capital’s capital structure, offering long-term funding that supports its portfolio of credit investments.