Great Elm Group, Inc. (NASDAQ:GEG) Short Interest Down 72.4% in December

Great Elm Group, Inc. (NASDAQ:GEG) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 13,200 shares, a decline of 72.4% from the December 15th total of 47,900 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 43,500 shares, the days-to-cover ratio is currently 0.3 days.

Great Elm Group Price Performance

NASDAQ:GEG remained flat at $1.80 on Monday. 781 shares of the company’s stock were exchanged, compared to its average volume of 4,183. The stock has a market cap of $53.54 million, a price-to-earnings ratio of -35.99 and a beta of 0.99. Great Elm Group has a one year low of $1.70 and a one year high of $2.12. The company has a quick ratio of 32.43, a current ratio of 32.43 and a debt-to-equity ratio of 0.85. The business has a 50-day simple moving average of $1.80 and a two-hundred day simple moving average of $1.82.

Great Elm Group (NASDAQ:GEG) last released its earnings results on Monday, November 11th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $3.99 million during the quarter.

Hedge Funds Weigh In On Great Elm Group

An institutional investor recently raised its position in Great Elm Group stock. Clayton Partners LLC grew its holdings in Great Elm Group, Inc. (NASDAQ:GEG) by 32.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 476,929 shares of the company’s stock after acquiring an additional 116,685 shares during the quarter. Clayton Partners LLC owned about 1.50% of Great Elm Group worth $858,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 52.83% of the company’s stock.

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.