Great Elm Group, Inc. (NASDAQ:GEG) Sees Large Growth in Short Interest

Great Elm Group, Inc. (NASDAQ:GEG) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 24,700 shares, a growth of 118.6% from the February 28th total of 11,300 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,900 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On Great Elm Group

An institutional investor recently bought a new position in Great Elm Group stock. Ballentine Partners LLC purchased a new stake in shares of Great Elm Group, Inc. (NASDAQ:GEG) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 40,000 shares of the company’s stock, valued at approximately $72,000. Ballentine Partners LLC owned approximately 0.13% of Great Elm Group at the end of the most recent quarter. Institutional investors and hedge funds own 52.83% of the company’s stock.

Great Elm Group Stock Performance

NASDAQ GEG remained flat at $1.89 during trading on Friday. The company’s stock had a trading volume of 3,699 shares, compared to its average volume of 30,920. The stock has a market capitalization of $53.57 million, a P/E ratio of -189,000.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.89, a quick ratio of 30.34 and a current ratio of 30.34. Great Elm Group has a 12-month low of $1.70 and a 12-month high of $2.04. The firm’s fifty day moving average price is $1.87 and its 200 day moving average price is $1.84.

Great Elm Group (NASDAQ:GEG) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.30). Great Elm Group had a return on equity of 0.19% and a net margin of 0.71%.

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.