Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Up 108.5% in January

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

Great Elm Capital Stock Up 1.5 %

Shares of NASDAQ:GECC traded up $0.16 during trading on Monday, hitting $10.86. 11,623 shares of the company were exchanged, compared to its average volume of 16,205. Great Elm Capital has a fifty-two week low of $9.55 and a fifty-two week high of $11.31. The stock has a market cap of $125.32 million, a price-to-earnings ratio of 15.74 and a beta of 1.57. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 1.83. The firm has a fifty day moving average price of $10.55 and a two-hundred day moving average price of $10.30.

Great Elm Capital Cuts Dividend

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

Institutional Trading of Great Elm Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northern Right Capital Management L.P. increased its stake in shares of Great Elm Capital by 29.7% during the 4th 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 purchasing an additional 237,367 shares during the last quarter. Northern Trust Corp bought a new position in Great Elm Capital during the fourth quarter worth $187,000. Virtu Financial LLC bought a new stake in shares of Great Elm Capital during the 4th quarter worth about $176,000. Crestwood Advisors Group LLC acquired a new position in Great Elm Capital in the 3rd quarter valued at about $127,000. Finally, Two Sigma Securities LLC bought a new position in Great Elm Capital in the 4th quarter valued at about $129,000. 38.75% of the stock is owned by institutional investors.

About Great Elm Capital

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.