Great Elm Group, Inc. (NASDAQ:GEG) Short Interest Update

Great Elm Group, Inc. (NASDAQ:GEG) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 47,900 shares, a decline of 10.6% from the November 30th total of 53,600 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 43,500 shares, the days-to-cover ratio is currently 1.1 days.

Great Elm Group Stock Performance

Shares of NASDAQ:GEG traded up $0.01 on Wednesday, reaching $1.81. 36,637 shares of the company’s stock were exchanged, compared to its average volume of 28,711. Great Elm Group has a fifty-two week low of $1.70 and a fifty-two week high of $2.12. The business’s 50-day moving average is $1.80 and its two-hundred day moving average is $1.81. The company has a quick ratio of 32.43, a current ratio of 32.43 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $53.84 million, a price-to-earnings ratio of -36.19 and a beta of 1.00.

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

Institutional Trading of Great Elm Group

A hedge fund recently raised its stake in Great Elm Group stock. Clayton Partners LLC increased its stake in Great Elm Group, Inc. (NASDAQ:GEG) by 32.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 476,929 shares of the company’s stock after acquiring an additional 116,685 shares during the period. Clayton Partners LLC owned approximately 1.50% of Great Elm Group worth $858,000 at the end of the most recent reporting period. Institutional investors 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.