Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 500 shares, a drop of 28.6% from the May 15th total of 700 shares. Based on an average daily trading volume, of 1,700 shares, the short-interest ratio is presently 0.3 days.
Great Elm Capital Corp. 8.75% Notes due 2028 Trading Down 0.0%
NASDAQ:GECCZ opened at $25.07 on Tuesday. Great Elm Capital Corp. 8.75% Notes due 2028 has a one year low of $24.90 and a one year high of $25.80. The firm’s 50 day simple moving average is $25.27 and its 200 day simple moving average is $25.28.
Great Elm Capital Corp. 8.75% Notes due 2028 Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Sunday, June 15th will be issued a dividend of $0.5408 per share. The ex-dividend date is Friday, June 13th. This represents a $2.16 annualized dividend and a yield of 8.63%.
Great Elm Capital Corp. 8.75% Notes due 2028 Company Profile
great elm capital corp. (nasdaq: gecc, “gecc”) is an externally managed, specialty finance company focused on investing in the debt instruments of middle market companies. gecc has elected to be regulated as a business development company (“bdc”) under the investment company act of 1940, as amended. gecc is managed by great elm capital management (“gecm”).
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