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

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 2,763 shares, a growth of 20.1% from the March 31st total of 2,301 shares. Based on an average daily trading volume, of 3,959 shares, the days-to-cover ratio is currently 0.7 days.

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

Great Elm Group, Inc. 7.25% Notes due 2027 stock traded down $0.03 during midday trading on Friday, reaching $24.43. The stock had a trading volume of 3,395 shares, compared to its average volume of 2,962. The stock’s 50-day simple moving average is $24.48 and its 200 day simple moving average is $24.55. Great Elm Group, Inc. 7.25% Notes due 2027 has a twelve month low of $21.55 and a twelve month high of $25.50.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be paid a $0.4481 dividend. This represents a $1.79 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Tuesday, June 15th.

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.