Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Decreases Significantly in December

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) experienced a significant reduction in its short interest for the month of December. As of December 15, 2024, the total short interest was recorded at 29,900 shares, which represents a decrease of 34.7% from the 45,800 shares reported on November 30, 2024. This decline indicates that approximately 0.4% of the company’s outstanding stock is currently sold short. Given the average daily trading volume of 18,100 shares, the days-to-cover ratio stands at 1.7 days.

Great Elm Capital Stock Performance

On Friday, shares of NASDAQ:GECC opened at $10.56. The company boasts a market capitalization of $110.35 million, a price-to-earnings (PE) ratio of 15.30, and a beta of 1.61. Financial ratios show a current ratio of 0.11, a quick ratio of 0.11, and a debt-to-equity ratio of 1.83. The stock has ranged between a 12-month low of $9.55 and a high of $11.31, with the fifty-day simple moving average at $10.20 and the 200-day simple moving average at $10.26.

Dividend Announcement by Great Elm Capital

The company has also communicated a recent decision regarding its dividend, which is set to be paid on Wednesday, January 15, 2025. Shareholders recorded as of Tuesday, December 31, 2024, will receive a dividend of $0.05 per share. It is essential to note that the ex-dividend date is also Tuesday, December 31, 2024. Currently, Great Elm Capital’s dividend payout ratio (DPR) is an unusually high 202.90%.

Institutional Investment in Great Elm Capital

Recently, a hedge fund took a new step into Great Elm Capital shares. Crestwood Advisors Group LLC acquired a new stake of 12,518 shares in the financial services company's stock during the third quarter, based on its latest SEC filing. This investment is valued around $127,000, representing approximately 0.13% of the company's total shares. Meanwhile, around 38.75% of Great Elm Capital's stock is held by institutional investors and hedge funds.

About Great Elm Capital Corp.

Great Elm Capital Corp. is classified as a business development company that focuses on investing in loan and mezzanine, and middle market investments. The company primarily invests in the debt instruments of middle market firms, preferring sectors such as media, commercial services and supplies, healthcare, telecommunications services, and communications equipment.

ShortInterest, Stocks, Dividend