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

Great Elm Group, Inc. (NASDAQ:GEG) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 16,900 shares, a decrease of 5.6% from the September 30th total of 17,900 shares. Based on an average trading volume of 25,800 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of Great Elm Group

A hedge fund recently raised its stake in Great Elm Group stock. Oppenheimer Asset Management Inc. increased its stake in shares of Great Elm Group, Inc. (NASDAQ:GEG) by 31.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,868 shares of the company’s stock after acquiring an additional 12,265 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.16% of Great Elm Group worth $98,000 at the end of the most recent reporting period. 52.83% of the stock is currently owned by hedge funds and other institutional investors.

Great Elm Group Trading Up 4.7 %

Shares of Great Elm Group stock traded up $0.08 on Thursday, reaching $1.80. 7,306 shares of the company were exchanged, compared to its average volume of 22,428. The company has a current ratio of 15.26, a quick ratio of 15.26 and a debt-to-equity ratio of 0.87. Great Elm Group has a fifty-two week low of $1.59 and a fifty-two week high of $2.12. The firm has a market capitalization of $57.38 million, a price-to-earnings ratio of -36.00 and a beta of 0.99. The stock has a fifty day moving average price of $1.85 and a 200-day moving average price of $1.82.

Great Elm Group (NASDAQ:GEG) last released its quarterly earnings results on Thursday, August 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.42). Great Elm Group had a negative net margin of 6.41% and a negative return on equity of 1.63%. The firm had revenue of $8.92 million for the quarter.

About Great Elm Group

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.