Great Elm Capital Group, Inc. (NASDAQ:GECC) Short Interest Up 81.4% in September

Great Elm Capital Group, Inc. (NASDAQ:GECC - Get Free Report) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 88,500 shares, an increase of 81.4% from the August 31st total of 48,800 shares. Approximately 1.2% of the company's shares are sold short. Based on an average daily trading volume, of 77,200 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 77,200 shares, the short-interest ratio is presently 1.1 days. Approximately 1.2% of the company's shares are sold short.Great Elm Capital Group Trading Down 1.6%Shares of NASDAQ GECC opened at $8.84 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 1.40. The stock's 50 day moving average price is $11.00 and its two-hundred day moving average price is $10.64. Great Elm Capital Group has a 52-week low of $8.63 and a 52-week high of $11.45. The stock has a market capitalization of $102.28 million, a P/E ratio of 5.67 and a beta of 0.98. Great Elm Capital Group (NASDAQ:GECC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.07. The business had revenue of $14.28 million during the quarter, compared to the consensus estimate of $13.25 million. Great Elm Capital Group had a return on equity of 12.49% and a net margin of 36.81%. On average, analysts anticipate that Great Elm Capital Group will post 1.43 earnings per share for the current fiscal year. Great Elm Capital Group Dividend AnnouncementThe firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 16.7%. The ex-dividend date of this dividend was Monday, September 15th. Great Elm Capital Group's dividend payout ratio is 94.87%. Wall Street Analysts Forecast GrowthGECC has been the subject of several recent research reports. Wall Street Zen lowered shares of Great Elm Capital Group from a "buy" rating to a "hold" rating in a research report on Friday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Great Elm Capital Group in a report on Saturday, September 27th. Finally, Capital One Financial set a $11.00 price objective on Great Elm Capital Group in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $11.00.Read Our Latest Report on Great Elm Capital GroupInstitutional Inflows and OutflowsA hedge fund recently bought a new stake in Great Elm Capital Group stock. Trust Co. of Toledo NA OH purchased a new stake in Great Elm Capital Group, Inc. (NASDAQ:GECC - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,874 shares of the financial services provider's stock, valued at approximately $41,000. 38.75% of the stock is currently owned by hedge funds and other institutional investors. About Great Elm Capital Group (Get Free Report)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.Read MoreFive stocks we like better than Great Elm Capital GroupThe Basics of Support and ResistanceWhy the Precious Metal Nobody Talks About Could Be Your Best BetShould You Invest in Penny Stocks?Cheap Chipotle? Why CMG Stock Could Be Ready for a ComebackThe Role Economic Reports Play in a Successful Investment Strategy3 Industrial Stocks Ready to Benefit From Fed Cuts and SpendingThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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