Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Short Interest Up 250.0% in July

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 700 shares, an increase of 250.0% from the June 30th total of 200 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is currently 1.0 days.

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

Great Elm Group, Inc. 7.25% Notes due 2027 stock opened at $23.98 on Thursday. 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. The business has a 50-day simple moving average of $23.54 and a 200 day simple moving average of $23.54.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Sunday, June 15th were given a dividend of $0.4481 per share. This represents a $1.79 annualized dividend and a yield of 7.47%. The ex-dividend date of this dividend was Friday, June 13th.

Great Elm Group, Inc. 7.25% Notes due 2027 Company Profile

the great elm capital management (“gecm”) investment team has deep experience investing in leveraged middle market companies. the gecm team has deployed more than $17 billion into credit investments in more than 550 issuers across 20+ jurisdictions over its 14-year history under mast capital management, llc (“mast”).