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

Great Elm Group, Inc. (NASDAQ:GEG) saw a significant drop in short interest in 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 trading volume of 43,500 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Great Elm Group Price Performance

GEG traded down $0.01 during trading on Tuesday, hitting $1.79. 16,750 shares of the company traded hands, compared to its average volume of 5,744. Great Elm Group has a 1 year low of $1.70 and a 1 year high of $2.12. The company has a current ratio of 32.43, a quick ratio of 32.43 and a debt-to-equity ratio of 0.85. The stock’s 50-day simple moving average is $1.80 and its two-hundred day simple moving average is $1.82. The company has a market cap of $53.24 million, a PE ratio of -35.79 and a beta of 0.99.

Great Elm Group (NASDAQ:GEG) last announced its earnings results on Monday, November 11th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). The business had revenue of $3.99 million for the quarter. Great Elm Group had a negative net margin of 6.90% and a negative return on equity of 1.77%.

Institutional Investors Weigh In On Great Elm Group

A hedge fund recently raised its stake in Great Elm Group stock. Clayton Partners LLC lifted its holdings in Great Elm Group, Inc. (NASDAQ:GEG) by 32.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 476,929 shares of the company’s stock after buying an additional 116,685 shares during the quarter. Clayton Partners LLC owned approximately 1.50% of Great Elm Group worth $858,000 at the end of the most recent quarter. Institutional investors and hedge funds own 52.83% of the company’s stock.

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.