Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Sees Significant Drop in Short Interest

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 2,500 shares, a decrease of 59.0% from the September 15th total of 6,100 shares. Based on an average trading volume of 2,100 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 2,100 shares, the short-interest ratio is presently 1.2 days.

Great Elm Group, Inc. 7.25% Notes due 2027 Stock Down 0.5%

GEGGL opened at $24.27 on Tuesday. The business has a 50 day moving average price of $24.36 and a two-hundred day moving average price of $23.78. Great Elm Group, Inc. 7.25% Notes due 2027 has a 52 week low of $20.84 and a 52 week high of $25.50.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be paid a dividend of $0.4481 per share. The ex-dividend date of this dividend is Tuesday, June 15th. This represents a $1.79 annualized dividend and a yield of 7.4%.

About Great Elm Group, Inc. 7.25% Notes due 2027

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”).