Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Short Interest Update

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 3,900 shares, a growth of 69.6% from the February 28th total of 2,300 shares. Based on an average daily volume of 2,400 shares, the short-interest ratio is currently 1.6 days.

Great Elm Group, Inc. 7.25% Notes due 2027 Trading Up 2.2 %

Shares of NASDAQ GEGGL traded up $0.51 during mid-day trading on Monday, reaching $23.65. 1,600 shares of the company’s stock were exchanged, compared to its average volume of 2,801. The business has a fifty day simple moving average of $23.77 and a 200 day simple moving average of $23.95. Great Elm Group, Inc. 7.25% Notes due 2027 has a twelve month low of $20.80 and a twelve month high of $25.50.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Saturday, March 15th will be given a $0.4531 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 7.66%. The ex-dividend date of this dividend is Friday, March 14th.

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

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”).