Short Interest in Great Elm Group, Inc. (NASDAQ:GEG) Grows By 160.9%

Great Elm Group, Inc. (NASDAQ:GEG) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 36,000 shares, an increase of 160.9% from the October 31st total of 13,800 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 45,200 shares, the days-to-cover ratio is presently 0.8 days.

Great Elm Group Stock Performance

Shares of Great Elm Group stock opened at $1.82 on Thursday. Great Elm Group has a 12 month low of $1.70 and a 12 month high of $2.12. The firm has a market capitalization of $54.13 million, a P/E ratio of -36.39 and a beta of 1.00. The company has a current ratio of 32.43, a quick ratio of 32.43 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $1.84 and a two-hundred day simple moving average of $1.81.

Great Elm Group (NASDAQ:GEG) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Great Elm Group had a negative net margin of 6.90% and a negative return on equity of 1.77%. The business had revenue of $3.99 million for the quarter.

Hedge Funds Weigh In On Great Elm Group

An institutional investor recently raised its position in Great Elm Group stock. Clayton Partners LLC raised its stake in shares of Great Elm Group, Inc. (NASDAQ:GEG) by 32.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 476,929 shares of the company’s stock after buying an additional 116,685 shares during the quarter. Clayton Partners LLC owned about 1.50% of Great Elm Group worth $858,000 at the end of the most recent quarter. Institutional investors and hedge funds own 52.83% of the company’s stock.

Great Elm Group Company Profile

Great Elm Group, Inc operates as a asset management company. The company engages in credit, real estate, and finance businesses. It is also involved in business development related activities and offers investment management services. The company was formerly known as Great Elm Capital Group, Inc and changed its name to Great Elm Group, Inc in December 2020.