Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Short Interest Update

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 5,032 shares, a growth of 134.6% from the April 30th total of 2,145 shares. Based on an average daily volume of 2,727 shares, the days-to-cover ratio is currently 1.8 days.

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

GEGGL stock traded down $0.00 during mid-day trading on Monday, hitting $24.65. The stock had a trading volume of 1,320 shares, compared to its average volume of 2,949. Great Elm Group, Inc. 7.25% Notes due 2027 has a 52 week low of $21.55 and a 52 week high of $25.50. The firm has a fifty day simple moving average of $24.44 and a 200 day simple moving average of $24.57.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th will be given a dividend of $0.4481 per share. The ex-dividend date is Tuesday, June 15th. This represents a $1.79 annualized dividend and a yield of 7.3%.

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

Great Elm Group, Inc is a U.S.-based private equity firm and business consolidator focused on acquiring and growing lower middle-market companies. Through its holding company structure, Great Elm Group invests equity capital alongside management teams in established businesses across diverse industries, including business services, healthcare and wellness, industrial services, and consumer products. The company’s disciplined investment approach emphasizes cash-flow stability, operational improvement, and strategic add-on acquisitions.

In June 2022, Great Elm Group, Inc completed the issuance of its 7.25% Notes due 2027 (NASDAQ: GEGGL), a series of senior unsecured notes that bear interest at a fixed rate payable semiannually and mature in 2027.