Great Elm Group, Inc. (NASDAQ:GEG) Short Interest Update

Great Elm Group, Inc. (NASDAQ:GEG) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 24,700 shares, an increase of 118.6% from the February 28th total of 11,300 shares. Based on an average daily volume of 19,900 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.1% of the company’s shares are short sold.

Great Elm Group Stock Performance

NASDAQ:GEG remained flat at $1.89 during trading hours on Friday. The company had a trading volume of 3,699 shares, compared to its average volume of 30,920. The company has a market cap of $53.57 million, a PE ratio of -189,000.00 and a beta of 1.01. Great Elm Group has a twelve month low of $1.70 and a twelve month high of $2.04. The business’s 50 day moving average is $1.87 and its two-hundred day moving average is $1.84. The company has a quick ratio of 30.34, a current ratio of 30.34 and a debt-to-equity ratio of 0.89.

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

Institutional Investors Weigh In On Great Elm Group

A hedge fund recently bought a new stake in Great Elm Group stock. Ballentine Partners LLC purchased a new stake in shares of Great Elm Group, Inc. (NASDAQ:GEG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 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.