Short Interest in Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Increases By 400.0%

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,000 shares, a growth of 400.0% from the May 31st total of 200 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is currently 0.4 days.

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

Shares of NASDAQ GEGGL traded down $0.05 during midday trading on Thursday, reaching $22.75. 372 shares of the stock were exchanged, compared to its average volume of 2,564. Great Elm Group, Inc. 7.25% Notes due 2027 has a twelve month low of $20.25 and a twelve month high of $24.29. The firm has a 50-day simple moving average of $22.52 and a two-hundred day simple moving average of $22.02.

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

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Saturday, June 15th will be paid a dividend of $0.4582 per share. This is a boost from Great Elm Group, Inc. 7.25% Notes due 2027’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 8.06%.

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

the great elm capital management (“gecm”) investment team has deep experience investing in leveraged middle market companies. the gecm team has deployed more than $17 billion into credit investments in more than 550 issuers across 20+ jurisdictions over its 14-year history under mast capital management, llc (“mast”).