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

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

Great Elm Capital Price Performance

NASDAQ:GECC opened at $10.68 on Tuesday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.83. The firm has a market cap of $123.25 million, a PE ratio of 15.48 and a beta of 1.57. Great Elm Capital has a 12 month low of $9.55 and a 12 month high of $11.31. The company’s 50-day moving average price is $10.49 and its two-hundred day moving average price is $10.31.

Great Elm Capital Cuts Dividend

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

Hedge Funds Weigh In On Great Elm Capital

A hedge fund recently bought a new stake in Great Elm Capital stock. Crestwood Advisors Group LLC purchased a new stake in shares of Great Elm Capital Corp. (NASDAQ:GECC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,518 shares of the financial services provider’s stock, valued at approximately $127,000. Crestwood Advisors Group LLC owned about 0.13% of Great Elm Capital at the end of the most recent reporting period. Hedge funds and other institutional investors own 38.75% of the company’s stock.

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.