Great Elm Group, Inc. (NASDAQ:GEG) Sees Significant Decrease in Short Interest

Great Elm Group, Inc. (NASDAQ:GEG) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 13,200 shares, a drop of 72.4% from the December 15th total of 47,900 shares. Based on an average daily trading volume, of 43,500 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Great Elm Group Stock Performance

Shares of Great Elm Group stock remained flat at $1.80 during trading on Monday. 781 shares of the stock were exchanged, compared to its average volume of 4,183. The stock has a fifty day moving average price of $1.80 and a 200-day moving average price of $1.82. Great Elm Group has a fifty-two week low of $1.70 and a fifty-two week high of $2.12. The company has a market capitalization of $53.54 million, a price-to-earnings ratio of -35.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.85, a quick ratio of 32.43 and a current ratio of 32.43.

Great Elm Group (NASDAQ:GEG) last announced its earnings results on Monday, November 11th. The company reported $0.08 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 during the quarter.

Institutional Trading of Great Elm Group

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

About Great Elm Group

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.