Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Short Interest Down 47.4% in August

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,520 shares, a decline of 47.4% from the August 15th total of 2,887 shares. Based on an average trading volume of 1,683 shares, the days-to-cover ratio is currently 0.9 days.

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

GEGGL traded down $0.20 on Tuesday, hitting $24.65. 898 shares of the company were exchanged, compared to its average volume of 2,547. The stock’s fifty day moving average is $24.78 and its 200-day moving average is $24.65. Great Elm Group, Inc. 7.25% Notes due 2027 has a 12 month low of $21.55 and a 12 month high of $26.00.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be issued a $0.4481 dividend. This represents a $1.79 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Tuesday, June 15th.

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.