Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Sees Large Increase in Short Interest

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 2,348 shares, a growth of 130.2% from the February 12th total of 1,020 shares. Based on an average daily volume of 1,956 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 1,956 shares, the short-interest ratio is presently 1.2 days.

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

GEGGL opened at $24.60 on Thursday. The company’s 50 day simple moving average is $24.66 and its two-hundred day simple moving average is $24.57. Great Elm Group, Inc. 7.25% Notes due 2027 has a 1-year low of $20.84 and a 1-year high of $25.50.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th will be given a dividend of $0.4481 per share. This represents a $1.79 dividend on an annualized basis 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.