Great Elm Group, Inc. (NASDAQ:GEG) Sees Significant Decrease in Short Interest

Great Elm Group, Inc. (NASDAQ:GEG) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 11,300 shares, a decline of 29.4% from the February 13th total of 16,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 26,100 shares, the short-interest ratio is presently 0.4 days.

Great Elm Group Stock Performance

GEG traded up $0.09 on Monday, reaching $2.00. The company had a trading volume of 27,097 shares, compared to its average volume of 30,844. Great Elm Group has a 1 year low of $1.70 and a 1 year high of $2.10. The stock has a market capitalization of $56.68 million, a PE ratio of -200,000.00 and a beta of 1.01. The company has a quick ratio of 30.34, a current ratio of 30.34 and a debt-to-equity ratio of 0.89. The stock has a 50-day moving average price of $1.85 and a 200-day moving average price of $1.83.

Great Elm Group (NASDAQ:GEG) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.30). Great Elm Group had a net margin of 0.71% and a return on equity of 0.19%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Great Elm Group stock. Ballentine Partners LLC purchased a new position in shares of Great Elm Group, Inc. (NASDAQ:GEG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 40,000 shares of the company’s stock, valued at approximately $72,000. Ballentine Partners LLC owned 0.13% of Great Elm Group as of its most recent SEC filing. 52.83% of the stock is owned by institutional investors.

Great Elm Group Company Profile

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.