Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Update

Great Elm Capital Corp. (NASDAQ:GECC) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 41,500 shares, an increase of 108.5% from the January 15th total of 19,900 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 21,700 shares, the short-interest ratio is currently 1.9 days.

Great Elm Capital Stock Performance

NASDAQ:GECC opened at $10.86 on Friday. Great Elm Capital has a 52 week low of $9.55 and a 52 week high of $11.31. The company has a fifty day simple moving average of $10.54 and a two-hundred day simple moving average of $10.30. 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 company has a market cap of $125.32 million, a price-to-earnings ratio of 15.74 and a beta of 1.57.

Great Elm Capital Cuts Dividend

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

Institutional Investors Weigh In On Great Elm Capital

Hedge funds have recently bought and sold shares of the stock. Northern Right Capital Management L.P. increased its stake in shares of Great Elm Capital by 29.7% during the fourth quarter. Northern Right Capital Management L.P. now owns 1,035,838 shares of the financial services provider’s stock worth $11,384,000 after buying an additional 237,367 shares during the period. Northern Trust Corp acquired a new position in Great Elm Capital during the 4th quarter worth approximately $187,000. Virtu Financial LLC purchased a new stake in shares of Great Elm Capital in the 4th quarter valued at approximately $176,000. Crestwood Advisors Group LLC acquired a new stake in shares of Great Elm Capital in the 3rd quarter valued at $127,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Great Elm Capital during the 4th quarter worth $129,000. Institutional investors and hedge funds own 38.75% of the company’s stock.

Great Elm Capital Company Profile

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.