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

Posted by Latisha Jones on Jun 29th, 2024

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 1,000 shares, a growth of 400.0% from the May 31st total of 200 shares. Based on an average daily volume of 2,300 shares, the short-interest ratio is currently 0.4 days.

Great Elm Group, Inc. 7.25% Notes due 2027 Trading Down 1.5 %

NASDAQ:GEGGL opened at $22.40 on Friday. The business’s 50-day simple moving average is $22.54 and its 200-day simple moving average is $22.03. Great Elm Group, Inc. 7.25% Notes due 2027 has a fifty-two week low of $20.34 and a fifty-two week high of $24.29.

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

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Saturday, June 15th will be given a dividend of $0.4582 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 8.18%. This is an increase 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, June 14th.

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

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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”).