Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) saw a significant increase in short interest in July. As of July 31st, there was short interest totalling 2,500 shares, an increase of 400.0% from the July 15th total of 500 shares. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is presently 1.2 days.
Great Elm Group, Inc. 7.25% Notes due 2027 Price Performance
NASDAQ:GEGGL traded up $0.21 during mid-day trading on Monday, reaching $23.09. 300 shares of the stock were exchanged, compared to its average volume of 2,390. The business has a fifty day moving average price of $22.71 and a 200 day moving average price of $22.32. Great Elm Group, Inc. 7.25% Notes due 2027 has a 1-year low of $20.34 and a 1-year high of $24.29.
Great Elm Group, Inc. 7.25% Notes due 2027 Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, June 30th. Investors of record on Saturday, June 15th were issued a dividend of $0.4582 per share. This is a positive change from Great Elm Group, Inc. 7.25% Notes due 2027’s previous quarterly dividend of $0.45. This represents a $1.83 dividend on an annualized basis and a yield of 7.94%. The ex-dividend date was Friday, June 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”).
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