Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,520 shares, a decline of 47.4% from the August 15th total of 2,887 shares. Based on an average daily trading volume, of 1,683 shares, the days-to-cover ratio is currently 0.9 days.
Great Elm Group, Inc. 7.25% Notes due 2027 Price Performance
Shares of GEGGL traded up $0.13 during mid-day trading on Wednesday, hitting $24.60. The company had a trading volume of 2,866 shares, compared to its average volume of 2,548. Great Elm Group, Inc. 7.25% Notes due 2027 has a 1-year low of $21.55 and a 1-year high of $26.00. The business’s 50-day simple moving average is $24.77 and its 200-day simple moving average is $24.65.
Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be given a $0.4481 dividend. The ex-dividend date is Tuesday, June 15th. This represents a $1.79 annualized dividend 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.
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