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

Great Elm Group, Inc. (NASDAQ:GEG) was the target of a significant 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. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 26,100 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Great Elm Group

A hedge fund recently bought a new stake in Great Elm Group stock. Ballentine Partners LLC acquired a new stake in Great Elm Group, Inc. (NASDAQ:GEG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 40,000 shares of the company’s stock, valued at approximately $72,000. Ballentine Partners LLC owned approximately 0.13% of Great Elm Group at the end of the most recent reporting period. 52.83% of the stock is owned by institutional investors.

Great Elm Group Trading Up 2.7 %

NASDAQ:GEG traded up $0.05 during mid-day trading on Friday, reaching $1.91. The company’s stock had a trading volume of 55,707 shares, compared to its average volume of 20,253. The company’s fifty day simple moving average is $1.85 and its two-hundred day simple moving average is $1.83. The company has a debt-to-equity ratio of 0.89, a current ratio of 30.34 and a quick ratio of 30.34. Great Elm Group has a twelve month low of $1.70 and a twelve month high of $2.12. The stock has a market cap of $54.13 million, a P/E ratio of -191,000.00 and a beta of 1.01.

Great Elm Group (NASDAQ:GEG) last issued its quarterly earnings results 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%.

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.