Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Short Interest Up 96.7% in January

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 655 shares, a growth of 96.7% from the January 15th total of 333 shares. Based on an average trading volume of 905 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 905 shares, the days-to-cover ratio is presently 0.7 days.

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

Shares of GEGGL opened at $24.50 on Friday. The stock’s 50-day moving average price is $24.65 and its 200 day moving average price is $24.47. Great Elm Group, Inc. 7.25% Notes due 2027 has a 12-month low of $20.84 and a 12-month 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. Shareholders of record on Tuesday, June 15th will be paid a $0.4481 dividend. The ex-dividend date of this dividend is Tuesday, June 15th. This represents a $1.79 dividend on an annualized basis and a yield of 7.3%.

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.