Short Interest in Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Declines By 49.3%

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 7,300 shares, a decline of 49.3% from the October 31st total of 14,400 shares. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is currently 2.8 days.

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

NASDAQ:GEGGL remained flat at $23.97 during trading hours on Thursday. The company’s stock had a trading volume of 75 shares, compared to its average volume of 2,627. The business has a 50 day simple moving average of $24.06 and a 200-day simple moving average of $23.28. Great Elm Group, Inc. 7.25% Notes due 2027 has a 52-week low of $20.34 and a 52-week high of $25.50.

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

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be issued a $0.4582 dividend. This is a positive change from Great Elm Group, Inc. 7.25% Notes due 2027’s previous dividend of $0.45. The ex-dividend date is Friday, December 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”).