Short Interest in Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Increases By 69.6%

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 3,900 shares, a growth of 69.6% from the February 28th total of 2,300 shares. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is presently 1.6 days.

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

Great Elm Group, Inc. 7.25% Notes due 2027 stock traded down $0.43 during midday trading on Friday, reaching $23.14. 14,413 shares of the stock were exchanged, compared to its average volume of 2,798. 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. The company’s fifty day moving average is $23.77 and its 200-day moving average is $23.95.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Saturday, March 15th will be issued a $0.4531 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.81 annualized dividend and a dividend yield of 7.83%.

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”).