Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Stock Short Interest Rises 83.7%

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 2,743 shares, a growth of 83.7% from the September 30th total of 1,493 shares. Based on an average trading volume of 867 shares, the days-to-cover ratio is presently 3.2 days.

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

GEGGL opened at $24.62 on Tuesday. Great Elm Group, Inc. 7.25% Notes due 2027 has a one year low of $23.80 and a one year high of $26.00. The company’s 50 day simple moving average is $24.69 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 announced a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be given a dividend of $0.4481 per share. This represents a $1.79 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Tuesday, June 15th. This is a drop from Great Elm Group, Inc. 7.25% Notes due 2027’s previous quarterly dividend of $0.4531.

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

(Get Free Report)

Great Elm Group, Inc is a diversified holding company focused on investment management, specialty finance and related financial services. The company seeks to build value through investments in and ownership of operating businesses and investment platforms, with an emphasis on credit and other alternative investment opportunities.

Through its subsidiaries and affiliated entities, Great Elm Group has been associated with middle-market lending and investment activities. Its investment operations have included Great Elm Capital Corp., a business development company that invests primarily in debt and equity securities of middle-market companies, and Great Elm Capital Management, an investment adviser involved in managing related investment portfolios.

Great Elm Group’s activities are primarily conducted in the United States.

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