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

Great Elm Group, Inc. (NASDAQ:GEG) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 36,000 shares, an increase of 160.9% from the October 31st total of 13,800 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 45,200 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Great Elm Group stock. Clayton Partners LLC lifted its stake in shares of Great Elm Group, Inc. (NASDAQ:GEG) by 32.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 476,929 shares of the company’s stock after buying an additional 116,685 shares during the quarter. Clayton Partners LLC owned about 1.50% of Great Elm Group worth $858,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 52.83% of the company’s stock.

Great Elm Group Stock Down 1.1 %

Shares of NASDAQ:GEG opened at $1.82 on Thursday. The stock’s 50-day moving average is $1.84 and its 200 day moving average is $1.81. The company has a market cap of $54.13 million, a PE ratio of -36.39 and a beta of 1.00. The company has a debt-to-equity ratio of 0.85, a current ratio of 32.43 and a quick ratio of 32.43. Great Elm Group has a 1 year low of $1.70 and a 1 year high of $2.12.

Great Elm Group (NASDAQ:GEG) last posted its earnings results on Monday, November 11th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Great Elm Group had a negative net margin of 6.90% and a negative return on equity of 1.77%. The business had revenue of $3.99 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.