Short Interest in Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Rises By 130.2%

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 2,348 shares, an increase of 130.2% from the February 12th total of 1,020 shares. Based on an average daily trading volume, of 1,956 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 1,956 shares, the short-interest ratio is currently 1.2 days.

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

Shares of GEGGL opened at $24.60 on Friday. The stock’s 50-day moving average price is $24.66 and its 200 day moving average price is $24.57. Great Elm Group, Inc. 7.25% Notes due 2027 has a 12-month low of $20.84 and a 12-month high of $25.50.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be given a dividend of $0.4481 per share. The ex-dividend date is Tuesday, June 15th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 7.3%.

About Great Elm Group, Inc. 7.25% Notes due 2027

Great Elm Group, Inc is a U.S.-based private equity firm and business consolidator focused on acquiring and growing lower middle-market companies. Through its holding company structure, Great Elm Group invests equity capital alongside management teams in established businesses across diverse industries, including business services, healthcare and wellness, industrial services, and consumer products. The company’s disciplined investment approach emphasizes cash-flow stability, operational improvement, and strategic add-on acquisitions.

In June 2022, Great Elm Group, Inc completed the issuance of its 7.25% Notes due 2027 (NASDAQ: GEGGL), a series of senior unsecured notes that bear interest at a fixed rate payable semiannually and mature in 2027.