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

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 14,400 shares, a growth of 269.2% from the October 15th total of 3,900 shares. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is currently 5.3 days.

Great Elm Group, Inc. 7.25% Notes due 2027 Stock Down 1.0 %

Shares of Great Elm Group, Inc. 7.25% Notes due 2027 stock traded down $0.25 during trading hours on Tuesday, reaching $24.00. The company’s stock had a trading volume of 3,105 shares, compared to its average volume of 2,660. The stock’s fifty day simple moving average is $23.88 and its two-hundred day simple moving average is $23.14. Great Elm Group, Inc. 7.25% Notes due 2027 has a one year low of $20.34 and a one year high of $25.50.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Sunday, September 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 7.64%. The ex-dividend date was Friday, September 13th.

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

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”).