Short Interest in Great Elm Group, Inc. (NASDAQ:GEG) Rises By 160.9%

Great Elm Group, Inc. (NASDAQ:GEG) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 36,000 shares, a growth of 160.9% from the October 31st total of 13,800 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 45,200 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Great Elm Group stock. Clayton Partners LLC grew its holdings in Great Elm Group, Inc. (NASDAQ:GEG) by 32.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 476,929 shares of the company’s stock after buying an additional 116,685 shares during the quarter. Clayton Partners LLC owned 1.50% of Great Elm Group worth $858,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 52.83% of the company’s stock.

Great Elm Group Price Performance

Shares of Great Elm Group stock opened at $1.82 on Friday. The company’s fifty day simple moving average is $1.83 and its two-hundred day simple moving average is $1.81. The company has a current ratio of 32.43, a quick ratio of 32.43 and a debt-to-equity ratio of 0.85. The company has a market cap of $54.13 million, a P/E ratio of -36.39 and a beta of 1.00. Great Elm Group has a 12-month low of $1.70 and a 12-month high of $2.12.

Great Elm Group (NASDAQ:GEG) last released its quarterly earnings data on Monday, November 11th. The company reported $0.08 EPS for the quarter, missing the consensus estimate 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%.

Great Elm Group Company Profile

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.