Great Elm Group, Inc. (NASDAQ:GEG) Short Interest Down 10.6% in December

Great Elm Group, Inc. (NASDAQ:GEG) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 47,900 shares, a drop of 10.6% from the November 30th total of 53,600 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 43,500 shares, the days-to-cover ratio is currently 1.1 days.

Great Elm Group Stock Performance

Shares of GEG stock traded up $0.01 during mid-day trading on Wednesday, hitting $1.81. The stock had a trading volume of 36,637 shares, compared to its average volume of 28,711. Great Elm Group has a fifty-two week low of $1.70 and a fifty-two week high of $2.12. The company has a debt-to-equity ratio of 0.85, a current ratio of 32.43 and a quick ratio of 32.43. The company’s 50-day simple moving average is $1.80 and its 200-day simple moving average is $1.81. The firm has a market cap of $53.84 million, a PE ratio of -36.19 and a beta of 1.00.

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

Hedge Funds Weigh In On Great Elm Group

A hedge fund recently raised its stake in Great Elm Group stock. Clayton Partners LLC increased its stake in shares of Great Elm Group, Inc. (NASDAQ:GEG) by 32.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 476,929 shares of the company’s stock after buying an additional 116,685 shares during the period. Clayton Partners LLC owned about 1.50% of Great Elm Group worth $858,000 as of its most recent filing with the Securities and Exchange Commission. 52.83% of the stock is currently owned by institutional investors.

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.