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

Posted by Matthew Steigler on Jun 28th, 2024

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 1,000 shares, a growth of 400.0% from the May 31st total of 200 shares. Based on an average daily trading volume, of 2,300 shares, the short-interest ratio is currently 0.4 days.

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

Great Elm Group, Inc. 7.25% Notes due 2027 stock traded down $0.35 during mid-day trading on Friday, reaching $22.40. The company had a trading volume of 902 shares, compared to its average volume of 2,547. Great Elm Group, Inc. 7.25% Notes due 2027 has a fifty-two week low of $20.34 and a fifty-two week high of $24.29. The business has a fifty day simple moving average of $22.53 and a 200 day simple moving average of $22.02.

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

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Saturday, June 15th will be given a $0.4582 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.83 dividend on an annualized basis and a yield of 8.18%. This is a positive change from Great Elm Group, Inc. 7.25% Notes due 2027’s previous quarterly dividend of $0.45.

About Great Elm Group, Inc. 7.25% Notes due 2027

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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”).