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 significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,000 shares, a growth of 400.0% from the May 31st total of 200 shares. Based on an average daily trading volume, of 2,300 shares, the short-interest ratio is currently 0.4 days.

Great Elm Group, Inc. 7.25% Notes due 2027 Price Performance

NASDAQ:GEGGL opened at $22.40 on Friday. Great Elm Group, Inc. 7.25% Notes due 2027 has a 52-week low of $20.34 and a 52-week high of $24.29. The stock has a fifty day moving average of $22.54 and a 200 day moving average of $22.03.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Investors of record on Saturday, June 15th will be paid 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. The ex-dividend date is Friday, June 14th. This represents a $1.83 annualized dividend and a yield of 8.18%.

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”).