Great Elm Capital Group Inc (NASDAQ:GEC) Short Interest Update

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Great Elm Capital Group Inc (NASDAQ:GEC) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 171,000 shares, an increase of 14.2% from the January 15th total of 149,700 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average trading volume of 28,500 shares, the short-interest ratio is presently 6.0 days.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley raised its holdings in Great Elm Capital Group by 20,261.0% in the 2nd quarter. Morgan Stanley now owns 15,678 shares of the software maker’s stock valued at $68,000 after buying an additional 15,601 shares during the period. Millennium Management LLC purchased a new stake in Great Elm Capital Group in the 3rd quarter valued at about $59,000. BlackRock Inc. raised its holdings in Great Elm Capital Group by 0.7% in the 2nd quarter. BlackRock Inc. now owns 335,597 shares of the software maker’s stock valued at $1,443,000 after buying an additional 2,458 shares during the period. Monarch Partners Asset Management LLC raised its holdings in Great Elm Capital Group by 18.6% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 350,975 shares of the software maker’s stock valued at $1,288,000 after buying an additional 54,940 shares during the period. Finally, Punch & Associates Investment Management Inc. raised its holdings in Great Elm Capital Group by 13.1% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 772,000 shares of the software maker’s stock valued at $2,578,000 after buying an additional 89,499 shares during the period. Institutional investors and hedge funds own 46.32% of the company’s stock.

Separately, ValuEngine upgraded Great Elm Capital Group from a “hold” rating to a “buy” rating in a report on Friday, October 25th.

NASDAQ GEC opened at $3.04 on Friday. Great Elm Capital Group has a 52 week low of $2.85 and a 52 week high of $4.75. The company has a current ratio of 1.58, a quick ratio of 1.52 and a debt-to-equity ratio of 1.40. The business’s fifty day simple moving average is $3.21 and its 200-day simple moving average is $3.43.

Great Elm Capital Group (NASDAQ:GEC) last posted its quarterly earnings results on Tuesday, November 12th. The software maker reported ($0.12) EPS for the quarter. Great Elm Capital Group had a negative return on equity of 8.67% and a negative net margin of 2.45%. The company had revenue of $15.37 million for the quarter.

About Great Elm Capital Group

Great Elm Capital Group, Inc, through its subsidiaries, engages in investment management and real estate property rental businesses. It provides investment advisory services. The company was formerly known as Unwired Planet, Inc and changed its name to Great Elm Capital Group, Inc in June 2016. Great Elm Capital Group, Inc was founded in 1994 and is headquartered in Waltham, Massachusetts.

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