Great Elm Group, Inc. (NASDAQ:GEG) Short Interest Update

Great Elm Group, Inc. (NASDAQ:GEG) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 11,300 shares, a drop of 29.4% from the February 13th total of 16,000 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 26,100 shares, the days-to-cover ratio is currently 0.4 days.

Great Elm Group Stock Up 2.7 %

Shares of NASDAQ:GEG traded up $0.05 during mid-day trading on Friday, hitting $1.91. 55,707 shares of the company traded hands, compared to its average volume of 20,253. The firm has a market cap of $54.13 million, a P/E ratio of -191,000.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.89, a quick ratio of 30.34 and a current ratio of 30.34. Great Elm Group has a 52-week low of $1.70 and a 52-week high of $2.12. The firm’s 50 day simple moving average is $1.85 and its 200 day simple moving average is $1.83.

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

Institutional Investors Weigh In On Great Elm Group

A hedge fund recently bought a new stake in Great Elm Group stock. Ballentine Partners LLC acquired a new position in shares of Great Elm Group, Inc. (NASDAQ:GEG) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 40,000 shares of the company’s stock, valued at approximately $72,000. Ballentine Partners LLC owned about 0.13% of Great Elm Group as of its most recent SEC filing. Institutional investors and hedge funds own 52.83% of the company’s stock.

About Great Elm Group

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.