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

Great Elm Capital Corp. 5.875% Notes due 2026 (NASDAQ:GECCO) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 19 shares, a decline of 71.2% from the April 30th total of 66 shares. Based on an average trading volume of 325 shares, the days-to-cover ratio is currently 0.1 days.

Great Elm Capital Corp. 5.875% Notes due 2026 Price Performance

NASDAQ:GECCO opened at $25.25 on Friday. The stock’s 50-day moving average is $25.13 and its two-hundred day moving average is $25.14. Great Elm Capital Corp. 5.875% Notes due 2026 has a fifty-two week low of $24.89 and a fifty-two week high of $27.19.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Sunday, March 15th were paid a dividend of $0.3631 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 5.8%.

Great Elm Capital Corp. 5.875% Notes due 2026 Company Profile

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.