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) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 3,900 shares, a growth of 69.6% from the February 28th total of 2,300 shares. Based on an average daily volume of 2,400 shares, the short-interest ratio is currently 1.6 days.

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

NASDAQ:GEGGL traded up $0.51 on Monday, reaching $23.65. The stock had a trading volume of 1,600 shares, compared to its average volume of 2,801. Great Elm Group, Inc. 7.25% Notes due 2027 has a 1-year low of $20.80 and a 1-year high of $25.50. The stock has a fifty day moving average price of $23.77 and a 200-day moving average price of $23.95.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Saturday, March 15th will be paid a $0.4531 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 7.66%.

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”).