Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 4,375 shares, a growth of 731.7% from the November 30th total of 526 shares. Based on an average daily trading volume, of 1,554 shares, the days-to-cover ratio is currently 2.8 days. Based on an average daily trading volume, of 1,554 shares, the days-to-cover ratio is currently 2.8 days.
Great Elm Group, Inc. 7.25% Notes due 2027 Price Performance
GEGGL stock traded down $0.02 during trading on Friday, reaching $24.66. The company had a trading volume of 200 shares, compared to its average volume of 2,457. The business has a 50 day moving average of $24.56 and a 200 day moving average of $24.21. Great Elm Group, Inc. 7.25% Notes due 2027 has a 52 week low of $20.84 and a 52 week high of $25.50.
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. Investors of record on Tuesday, June 15th will be paid a dividend of $0.4481 per share. 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%.
About Great Elm Group, Inc. 7.25% Notes due 2027
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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