Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Sees Large Decrease in Short Interest

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 4,000 shares, a decrease of 34.4% from the November 30th total of 6,100 shares. Based on an average trading volume of 2,100 shares, the short-interest ratio is currently 1.9 days.

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

Shares of NASDAQ GEGGL opened at $23.96 on Monday. Great Elm Group, Inc. 7.25% Notes due 2027 has a one year low of $20.75 and a one year high of $25.50. The business has a fifty day simple moving average of $24.19 and a 200 day simple moving average of $23.52.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be paid a dividend of $0.4531 per share. This is a boost from Great Elm Group, Inc. 7.25% Notes due 2027’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.81 dividend on an annualized basis and a yield of 7.56%.

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

the great elm capital management (“gecm”) investment team has deep experience investing in leveraged middle market companies. the gecm team has deployed more than $17 billion into credit investments in more than 550 issuers across 20+ jurisdictions over its 14-year history under mast capital management, llc (“mast”).