Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Short Interest Update

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 3,454 shares, an increase of 47.1% from the February 26th total of 2,348 shares. Based on an average trading volume of 1,224 shares, the days-to-cover ratio is currently 2.8 days.

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

NASDAQ:GEGGL opened at $24.45 on Monday. Great Elm Group, Inc. 7.25% Notes due 2027 has a 52 week low of $20.84 and a 52 week high of $25.50. The stock’s 50 day moving average price is $24.61 and its 200 day moving average price is $24.57.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be issued a $0.4481 dividend. This represents a $1.79 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Tuesday, June 15th.

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

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.