Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Sees Significant Increase in Short Interest

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 4,375 shares, a growth of 731.7% from the November 30th total of 526 shares. Based on an average daily trading volume, of 1,554 shares, the short-interest ratio is currently 2.8 days. Based on an average daily trading volume, of 1,554 shares, the short-interest ratio is currently 2.8 days.

Great Elm Group, Inc. 7.25% Notes due 2027 Stock Performance

Great Elm Group, Inc. 7.25% Notes due 2027 stock traded up $0.02 during mid-day trading on Wednesday, hitting $24.70. 200 shares of the company’s stock were exchanged, compared to its average volume of 2,457. The company’s 50 day simple moving average is $24.54 and its 200-day simple moving average is $24.20. Great Elm Group, Inc. 7.25% Notes due 2027 has a fifty-two week low of $20.84 and a fifty-two week high of $25.50.

Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be issued a dividend of $0.4481 per share. This represents a $1.79 annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Tuesday, June 15th.

Great Elm Group, Inc. 7.25% Notes due 2027 Company Profile

Great Elm Group, Inc is a U.S.-based private equity firm and business consolidator focused on acquiring and growing lower middle-market companies. Through its holding company structure, Great Elm Group invests equity capital alongside management teams in established businesses across diverse industries, including business services, healthcare and wellness, industrial services, and consumer products. The company’s disciplined investment approach emphasizes cash-flow stability, operational improvement, and strategic add-on acquisitions.

In June 2022, Great Elm Group, Inc completed the issuance of its 7.25% Notes due 2027 (NASDAQ: GEGGL), a series of senior unsecured notes that bear interest at a fixed rate payable semiannually and mature in 2027.