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) saw a large growth in short interest during the month of 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 currently 1.6 days.

Great Elm Group, Inc. 7.25% Notes due 2027 Stock Down 1.8 %

GEGGL traded down $0.43 during midday trading on Friday, reaching $23.14. The company had a trading volume of 14,413 shares, compared to its average volume of 2,798. Great Elm Group, Inc. 7.25% Notes due 2027 has a 12-month low of $20.84 and a 12-month high of $25.50. The business has a 50-day moving average price of $23.77 and a two-hundred day moving average price of $23.95.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Saturday, March 15th will be paid a $0.4531 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.81 annualized dividend and a 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”).