Short Interest in Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Rises By 33.3%

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 5,200 shares, a growth of 33.3% from the March 15th total of 3,900 shares. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is currently 1.9 days.

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

Great Elm Group, Inc. 7.25% Notes due 2027 stock remained flat at $23.06 on Friday. The company has a fifty day simple moving average of $23.57 and a 200-day simple moving average of $23.86. Great Elm Group, Inc. 7.25% Notes due 2027 has a 1-year low of $20.84 and a 1-year high of $25.50.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Saturday, March 15th were paid a dividend of $0.4531 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.81 annualized dividend and a yield of 7.86%.

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

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”).