Great Elm Capital Group, Inc. (NASDAQ:GECC) Sees Significant Increase in Short Interest

Great Elm Capital Group, Inc. (NASDAQ:GECC) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 345,331 shares, a growth of 57.4% from the January 29th total of 219,374 shares. Based on an average trading volume of 70,825 shares, the days-to-cover ratio is presently 4.9 days. Approximately 2.7% of the shares of the stock are short sold. Approximately 2.7% of the shares of the stock are short sold. Based on an average trading volume of 70,825 shares, the days-to-cover ratio is presently 4.9 days.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Zacks Research upgraded shares of Great Elm Capital Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Janney Montgomery Scott cut their price target on shares of Great Elm Capital Group from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Great Elm Capital Group in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $10.50.

Institutional Investors Weigh In On Great Elm Capital Group

Several large investors have recently made changes to their positions in GECC. Kestra Private Wealth Services LLC acquired a new position in Great Elm Capital Group during the third quarter worth $145,000. TrueMark Investments LLC bought a new position in shares of Great Elm Capital Group in the 4th quarter valued at about $148,000. Virtu Financial LLC bought a new position in shares of Great Elm Capital Group in the 3rd quarter valued at about $160,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Great Elm Capital Group during the 3rd quarter worth about $169,000. Finally, Crestwood Advisors Group LLC raised its holdings in shares of Great Elm Capital Group by 8.8% in the 4th quarter. Crestwood Advisors Group LLC now owns 26,625 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 2,151 shares during the period. Institutional investors and hedge funds own 38.75% of the company’s stock.

Great Elm Capital Group Stock Performance

Great Elm Capital Group stock opened at $6.26 on Friday. Great Elm Capital Group has a 12-month low of $6.15 and a 12-month high of $11.45. The stock has a market capitalization of $87.64 million, a price-to-earnings ratio of -11.18 and a beta of 0.62. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.43. The stock has a 50-day simple moving average of $6.84 and a 200 day simple moving average of $8.24.

Great Elm Capital Group Company Profile

Great Elm Capital Group, Inc (NASDAQ: GECC) is a closed-end, externally managed business development company (BDC) that seeks to generate current income and capital appreciation by investing in private, middle-market companies. The firm targets senior secured loans, subordinated debt and equity securities of U.S. companies, with a focus on businesses offering stable cash flows and potential for growth. Industry sectors of interest include business services, consumer products, industrials and healthcare, among others.

GECC’s investment strategy emphasizes portfolio diversification and active management.