Great Elm Group, Inc. (NASDAQ:GEG) Short Interest Up 70.8% in September

Great Elm Group, Inc. (NASDAQ:GEG) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 31,600 shares, a growth of 70.8% from the August 31st total of 18,500 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 26,000 shares, the days-to-cover ratio is presently 1.2 days.

Great Elm Group Stock Performance

Shares of NASDAQ:GEG traded down $0.01 during midday trading on Friday, reaching $1.91. The company had a trading volume of 5,339 shares, compared to its average volume of 55,335. Great Elm Group has a one year low of $1.59 and a one year high of $2.14. The company has a quick ratio of 15.26, a current ratio of 15.26 and a debt-to-equity ratio of 0.87. The stock’s fifty day moving average price is $1.83 and its 200-day moving average price is $1.84.

Great Elm Group (NASDAQ:GEG) last issued its 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 company had revenue of $8.92 million during the quarter.

Institutional Trading of Great Elm Group

Several institutional investors and hedge funds have recently bought and sold shares of GEG. Oppenheimer Asset Management Inc. grew its position in shares of Great Elm Group by 31.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 50,868 shares of the company’s stock valued at $98,000 after buying an additional 12,265 shares during the last quarter. Cove Street Capital LLC lifted its holdings in Great Elm Group by 1.3% in the fourth quarter. Cove Street Capital LLC now owns 1,021,646 shares of the company’s stock worth $1,982,000 after acquiring an additional 13,200 shares during the last quarter. Clayton Partners LLC boosted its stake in Great Elm Group by 7.5% in the fourth quarter. Clayton Partners LLC now owns 348,994 shares of the company’s stock valued at $677,000 after acquiring an additional 24,204 shares during the period. Finally, Kingdon Capital Management L.L.C. grew its holdings in shares of Great Elm Group by 0.7% during the fourth quarter. Kingdon Capital Management L.L.C. now owns 1,388,907 shares of the company’s stock valued at $2,694,000 after purchasing an additional 9,858 shares during the last quarter. Institutional investors and hedge funds own 52.83% of the company’s stock.

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.