Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Short Interest Down 42.7% in August

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 2,887 shares, a decline of 42.7% from the July 30th total of 5,035 shares. Based on an average daily volume of 1,146 shares, the days-to-cover ratio is currently 2.5 days.

Great Elm Group, Inc. 7.25% Notes due 2027 Trading Up 0.3%

GEGGL stock traded up $0.08 during midday trading on Tuesday, hitting $24.89. 1,371 shares of the company traded hands, compared to its average volume of 2,598. Great Elm Group, Inc. 7.25% Notes due 2027 has a twelve month low of $21.55 and a twelve month high of $26.00. The business has a 50 day simple moving average of $24.76 and a 200-day simple moving average of $24.63.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Investors 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 7.2%. The ex-dividend date of this dividend is Tuesday, June 15th.

About Great Elm Group, Inc. 7.25% Notes due 2027

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.