Great Elm Group, Inc. (NASDAQ:GEG) Short Interest Up 118.6% in March

Great Elm Group, Inc. (NASDAQ:GEG) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 24,700 shares, an increase of 118.6% from the February 28th total of 11,300 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 19,900 shares, the short-interest ratio is currently 1.2 days.

Great Elm Group Stock Performance

Shares of Great Elm Group stock opened at $1.89 on Friday. Great Elm Group has a 52 week low of $1.70 and a 52 week high of $2.04. The company has a quick ratio of 30.34, a current ratio of 30.34 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average price of $1.87 and a 200-day moving average price of $1.84. The company has a market cap of $53.57 million, a PE ratio of -189,000.00 and a beta of 1.01.

Great Elm Group (NASDAQ:GEG) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.30). Great Elm Group had a return on equity of 0.19% and a net margin of 0.71%.

Institutional Trading of Great Elm Group

An institutional investor recently bought a new position in Great Elm Group stock. Ballentine Partners LLC acquired a new position in Great Elm Group, Inc. (NASDAQ:GEG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 40,000 shares of the company’s stock, valued at approximately $72,000. Ballentine Partners LLC owned approximately 0.13% of Great Elm Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 52.83% of the company’s stock.

Great Elm Group Company Profile

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.