Great Elm Group, Inc. (NASDAQ:GEG) Short Interest Update

Great Elm Group, Inc. (NASDAQ:GEG) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 13,200 shares, a decrease of 72.4% from the December 31st total of 47,900 shares. Based on an average daily trading volume, of 43,500 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Great Elm Group Stock Up 0.6 %

Shares of GEG traded up $0.01 on Wednesday, hitting $1.82. 1,629 shares of the stock traded hands, compared to its average volume of 7,213. Great Elm Group has a one year low of $1.70 and a one year high of $2.12. The company has a market capitalization of $54.13 million, a PE ratio of -36.39 and a beta of 0.99. The business has a 50 day simple moving average of $1.81 and a 200 day simple moving average of $1.82. The company has a debt-to-equity ratio of 0.85, a quick ratio of 32.43 and a current ratio of 32.43.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Great Elm Group stock. Ballentine Partners LLC acquired a new position in Great Elm Group, Inc. (NASDAQ:GEG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,000 shares of the company’s stock, valued at approximately $72,000. Ballentine Partners LLC owned 0.13% of Great Elm Group as of its most recent SEC filing. Institutional investors and hedge funds own 52.83% of the company’s stock.

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.