Great Elm Group, Inc. (NASDAQ:GEG) Sees Significant Decrease in Short Interest

Great Elm Group, Inc. (NASDAQ:GEG) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 11,300 shares, a drop of 29.4% from the February 13th total of 16,000 shares. Based on an average daily volume of 26,100 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Great Elm Group

A hedge fund recently bought a new stake in Great Elm Group stock. Ballentine Partners LLC acquired a new position in shares of Great Elm Group, Inc. (NASDAQ:GEG) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 40,000 shares of the company’s stock, valued at approximately $72,000. Ballentine Partners LLC owned about 0.13% of Great Elm Group at the end of the most recent quarter. Hedge funds and other institutional investors own 52.83% of the company’s stock.

Great Elm Group Trading Up 4.7 %

Great Elm Group stock traded up $0.09 during trading on Monday, hitting $2.00. The company had a trading volume of 27,097 shares, compared to its average volume of 30,844. Great Elm Group has a 1-year low of $1.70 and a 1-year high of $2.10. The company has a current ratio of 30.34, a quick ratio of 30.34 and a debt-to-equity ratio of 0.89. The company’s 50 day simple moving average is $1.85 and its 200-day simple moving average is $1.83. The stock has a market cap of $56.68 million, a price-to-earnings ratio of -200,000.00 and a beta of 1.01.

Great Elm Group (NASDAQ:GEG) last posted its earnings results on Tuesday, February 11th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.30). Great Elm Group had a net margin of 0.71% and a return on equity of 0.19%.

About Great Elm Group

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.