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

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

Great Elm Capital Corp. 5.875% Notes due 2026 Trading Up 0.1%

Shares of NASDAQ GECCO traded up $0.03 during midday trading on Thursday, hitting $25.19. 768 shares of the stock traded hands, compared to its average volume of 1,130. 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 has a 50 day moving average price of $25.11 and a two-hundred day moving average price of $25.14.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Sunday, March 15th were issued a dividend of $0.3631 per share. The ex-dividend date was Friday, March 13th. This represents a $1.45 annualized dividend 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.